Bitcoin testing our first resitance
Bitcoin has made a beautiful run up after breaking a strong accumulation zone. As of now we are testing our first target of 10337.17 and after that next target to break is 10643.94. If we break that and head back to 11k, I'm 60% sure we will hit 13-14k by eoy and if we past 12k theres a 90% chance. Atm i'm in a 55x long on btc.
News
None just pure trading
Ta
So lets start off simple
-RSI sits at 51, which is neutral and can go either way. We are bullish, so this is good since in the past btc loves sitting overbought forever. This is one indicator I see to buy more and I have increased my leverage from 20x-55x as of now.
-MACD is dancing around and can go either way, but leans bearish, yet sideways movement and can offset it or a hugh pump than a slight pullback will hit it. If we are bullish we can say we can pump to 11k than pullback 400 dollars to 10643.94 or something similar.
-Volume shows alot of sellers, yet do to the liquidity of holders, it bounces back showing an upward trend
-VPVR levels are sitting in no mans land
-Yellow funel lines: This was created showing an upward projectary towards the 10643.94, with target date of 9/11-9/12. We have overextend the lines a few times and as of now we diped below it. Lines are keep to show it is very possible to pump back into the trend.
-Purple lines: These lines show the high vpvr levels and we could be creating a new range of trading betwen 10281.78/10256.68-10389.92
-EMA of the 50day is showing we are respecting it and bouncing off of it. In a bull market, bouncing of the 50ema shows the strength of the bulls compared to the bears.
Final thoughts
I believe we will never go under 10k for long and don't see it in the near future unless the trend is broken. The high sale volume doesn't represent the trend atm. sp would be 10200-10250
News
None just pure trading
Ta
So lets start off simple
-RSI sits at 51, which is neutral and can go either way. We are bullish, so this is good since in the past btc loves sitting overbought forever. This is one indicator I see to buy more and I have increased my leverage from 20x-55x as of now.
-MACD is dancing around and can go either way, but leans bearish, yet sideways movement and can offset it or a hugh pump than a slight pullback will hit it. If we are bullish we can say we can pump to 11k than pullback 400 dollars to 10643.94 or something similar.
-Volume shows alot of sellers, yet do to the liquidity of holders, it bounces back showing an upward trend
-VPVR levels are sitting in no mans land
-Yellow funel lines: This was created showing an upward projectary towards the 10643.94, with target date of 9/11-9/12. We have overextend the lines a few times and as of now we diped below it. Lines are keep to show it is very possible to pump back into the trend.
-Purple lines: These lines show the high vpvr levels and we could be creating a new range of trading betwen 10281.78/10256.68-10389.92
-EMA of the 50day is showing we are respecting it and bouncing off of it. In a bull market, bouncing of the 50ema shows the strength of the bulls compared to the bears.
Final thoughts
I believe we will never go under 10k for long and don't see it in the near future unless the trend is broken. The high sale volume doesn't represent the trend atm. sp would be 10200-10250
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