Tip of the Knife- will we get stabbed?
*MA Red line crossed below the Pink line for the first time on the Daily as noted by Dr. Kia
Major support/resistance on the Monthly
6000
8000
10000
11500
13500
16000
BTC is looking for a breakout of the big descending triangle on the Daily chart, it needs to at least hold 7250. We should not see anything below 7000 *7050 In my opinion but watch for this over the next 4-5 days. Looking back to late February to early April 7100 was tough resistance that got demolished and was only tested again for a short time in late May
On the up side we have so many points to contend with that I will take more time to file them down
As It has been said before BTC needs to find support at 7800-8000 levels to begin targeting higher highs, so what do you think needs to happen in order for BTC to go there?
*many of my indicators are hidden just to avoid clutter
Major support/resistance on the Monthly
6000
8000
10000
11500
13500
16000
BTC is looking for a breakout of the big descending triangle on the Daily chart, it needs to at least hold 7250. We should not see anything below 7000 *7050 In my opinion but watch for this over the next 4-5 days. Looking back to late February to early April 7100 was tough resistance that got demolished and was only tested again for a short time in late MayOn the up side we have so many points to contend with that I will take more time to file them down
As It has been said before BTC needs to find support at 7800-8000 levels to begin targeting higher highs, so what do you think needs to happen in order for BTC to go there?
*many of my indicators are hidden just to avoid clutter
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