Bitcoin Is Ready For $105-$108K: Upper Range-Trading Resistance

前天

Now that the lower support level has been tested and holds, after a 2-days long flash flush; we are ready, the market is ready, Bitcoin is ready to move up.

Since the last advanced reached $102,000, the next advance can reach higher; why? Because the bearish action lasted only two days while the bullish action lasted 18 days. This means that the bearish action is a correction of the bullish action. A correction move is a move countertrend. A down-move being countertrend means that the trend is up. And since the trend is up, the next move is a higher high compared to the last high because that's how trends work; higher highs and higher lows.

Thanks a lot for your continued support.

Namaste.

前天

交易進行

Keep patience. Stay cool and calm. Bitcoin will recover sooner than you think.
All is good. The price remains strong. The more it shakes, the stronger the rise that follows.

昨天

交易結束：目標達成

I think it is fair to say that the retrace is over. Instead of two days it went on for three days, so far.

While saying this, I have to mention that it is still early. Just as we needed confirmation on the way down, we also need confirmation on the way up. We need a green close on the daily timeframe and then another.

Just seeing Bitcoin above 95,000, is already good enough.

The strength of the drop is also quite revealing. A prolonged retrace would unravel much more slowly. The fact that it was super fast meant that it wouldn't last. And this is becoming true.

The irreplaceable signal are the Altcoins. The Altcoins are waking up, many strongly and this only means that the retrace is over.

Retraces and corrections are an opportunity to buy; true again. Did you buy? Prices are still low on many pairs.

Good luck, good profits and great success.

Namaste.