"Good entry its 200 (6.2k - 6.5k) "
"short and mid Targets (resistances)
T1 - 8.5k
T2 - 10k
T3 - 11k
T4 - 12.7k "
Ok rick, but what happened?
BTC made a good reversal from that point, its already 80% up from that level and hit target 1,2,3! now we are waiting to another decision, we are trying to break BIG downtrend line (red) its a fucking important zone, we still in a and its a bear formation! so we are charting probablies scenarios.
1- Breakdown and back to 8.5k level (first target)
2- Breakup RED line and show us a strong move to break this ( its hard to breakup but can happen)
3- BTC ignore this formation and go sideways consolidating around 10k-11k
4- fail to breakup RED line form a double or triple top then fall to 8.5k area
So if u are following me and my advice and u bought BTC arround 6.5k area u are looking to lock some profit in this run, I recommend u wait for next BTC decision then lock some profits to buy cheaper.
11.3k its a good area to lock profit if we don't breakup
if u are looking to buy BTC I recommend to wait next move because its most easy to breakdown this and back to 8.5k area (old resistance , new support)