Finally, after a long time we have a bullish momentum. At least for the short term. What are the key levels to watch!?
BTC (Bitfinex Chart)
The first resistance area from 4472 USD to aprox 4600 USD . (The first blue area on the chart). Ichimoku cloud on the 4H up to 4702 USD. So that's a first area to watch. If we break that, the next area is around 4900/5000 USD. If we break that we have the resistance area from 5412 USD to aprox 5778 USD. We are still in a bear trend. Bitcoin was way oversold for quite some time and this bounce up was expected. When this bull momentum ends, there is still a chance that bitcoin makes a lower bottom.
If you like my idea and you would like to see more more, please give a like. Thank you!
BTC (Bitfinex Chart)
The first resistance area from 4472 USD to aprox 4600 USD . (The first blue area on the chart). Ichimoku cloud on the 4H up to 4702 USD. So that's a first area to watch. If we break that, the next area is around 4900/5000 USD. If we break that we have the resistance area from 5412 USD to aprox 5778 USD. We are still in a bear trend. Bitcoin was way oversold for quite some time and this bounce up was expected. When this bull momentum ends, there is still a chance that bitcoin makes a lower bottom.
If you like my idea and you would like to see more more, please give a like. Thank you!