Dear traders,
the Bitcoin price broke out from down trend line and yesterdays daily candle closed above the down trend line which implements up movement to strong resistance area at 9000-9400 $. The current monthly candle need to close above 8000 $, otherwise we could see strong down movement to 5000 $ area. A monthly close above 9400 $ would implement strong up movement as drawn in the chart.
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the Bitcoin price broke out from down trend line and yesterdays daily candle closed above the down trend line which implements up movement to strong resistance area at 9000-9400 $. The current monthly candle need to close above 8000 $, otherwise we could see strong down movement to 5000 $ area. A monthly close above 9400 $ would implement strong up movement as drawn in the chart.
Entry on smaller time frames will be published in our VIP group. Contact us for further informations.
Feel free to leave a comment or to share your idea in the comment area.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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