Despite the last moves we still not recoverd from bears . Going to do the biggest resistance on the big DOWnwardchannel ( yellow )
Btcoin #Btc has made a nice climb during the week . and is currently consolidating. The #supports to hold are around 6.3k , under what pressure could become quite dangerous . The major #resistance to break is around 6.8k. Trade safe or Hodl tight .
Becarefull on this trade , bear trap maybe possible .
What do you think about current markets? Are you optimistic? Feel free to leave a comment below!
As we clearly see , there is much more range going on the buy-in then the shorting of $BTC . Remember : Institutionals " Smart money " enter the market on specific points , and they are coming. As the tech is only moving further and the regulation make more countries friendly to crypto expect some movements this summer.
Despite this new rise expect a tide correction for further move ; Larger amounts of money came into the Market and have been mostly ditributed into Alts , that make BTC more safe investement on the short term than Atls , as we expect a correction into our new support on the 9K. Vegeta uploaded .
This si a 4hours candels chart 1 hour and 15 min candle charts following
Remember : Broken Resistance become a Support and a broken Support line become a Resistance line . Care the main channel not viewed in this scale , we still on a descending patern.
Remember a Resistance become a Support and a broken support become a Resistance.
We still have a strong support on the 10k . Globaly market is in a bullish mood in my opinion . Key is patience.
Re enter on REd supports Grey is main previous supports Green is taking profit point
Expect a break ( down or up ) at the yellow line BIG resistance. oSCILLATIONS WILL BE AROUND 10K 12K