Hi Mates,
The week started on a good trading note, and the BULLS keep on proving they are back for good,congrats!
The last Inverted H&S pattern is playing out as expected with break out of the neckline about to be confirmed around $9400 price, if this break out finally takes place.
We should be rest assured of $9800-$10,000 soonest. $10,000 should be a psychological trading resistance price, just a number not so much resistance there technically. Likewise, $9800-$10,000 price is known for good support price zone which we may come back to as time goes on. If BTC sustain this current trend to $10,000 I don't see any big barrier in breaking that price as it is just some figures with no technical analysis resistance from the past; the big resistance price ahead of the BULL run now is around $11,500-$11,800 find this link useful for the details: www.coinigy.com/s/i/5adf5119b5cb0/. If we manage to bounce close to $12,000, we may retrace a bit back to $9,800-$10,000 for support test before ascending upward again.
Whatever it is, BULLS are worth tipping this time. Play safe and watch closely.
The week started on a good trading note, and the BULLS keep on proving they are back for good,congrats!
The last Inverted H&S pattern is playing out as expected with break out of the neckline about to be confirmed around $9400 price, if this break out finally takes place.
We should be rest assured of $9800-$10,000 soonest. $10,000 should be a psychological trading resistance price, just a number not so much resistance there technically. Likewise, $9800-$10,000 price is known for good support price zone which we may come back to as time goes on. If BTC sustain this current trend to $10,000 I don't see any big barrier in breaking that price as it is just some figures with no technical analysis resistance from the past; the big resistance price ahead of the BULL run now is around $11,500-$11,800 find this link useful for the details: www.coinigy.com/s/i/5adf5119b5cb0/. If we manage to bounce close to $12,000, we may retrace a bit back to $9,800-$10,000 for support test before ascending upward again.
Whatever it is, BULLS are worth tipping this time. Play safe and watch closely.