Looking at Gdax I haven't seen pushes like this in a while. We keep getting rejected, but they won't give up
Bulls want that resistance broken! Careful for the double top though , i see a small drop if we double top 8300 and reject.
8k support, 7800-7900 stronger support.
We shouldn't see a huge dump if we reject 8300, rather a bounce. BUT, if we break 8300 bulls will want 8600! I'm usually bearish but bulls have been showing so much strength lately.
Sorry about being all over the place. There isn't a clear signal of direction because as we know bitcoin is NOT following TA rules no matter what anyone tells you.
This is why i make such simple charts currently , I try to gauge how the market is responding at the given time.
Bulls want that resistance broken! Careful for the double top though , i see a small drop if we double top 8300 and reject.
8k support, 7800-7900 stronger support.
We shouldn't see a huge dump if we reject 8300, rather a bounce. BUT, if we break 8300 bulls will want 8600! I'm usually bearish but bulls have been showing so much strength lately.
Sorry about being all over the place. There isn't a clear signal of direction because as we know bitcoin is NOT following TA rules no matter what anyone tells you.
This is why i make such simple charts currently , I try to gauge how the market is responding at the given time.
Bulls demolished the wall. Let's hope they can keep momentum