after the drop to 6870/- the sharp rise indicates a strong level of support. the 2 hour chart is playing out exactly as i have seen a 5minute timeframe chart playout. btc should now start moving upwards and small corrections will follow. ichimoku cloud has also turned green.
if you open the daily chart with the ichimoku cloud, there is a red area ending at about 8400(heavy resistance) but i think this time btc will cross it. 8440 is a good sell and buying back at 7818 is my target. everyone has a different strategy, mine is simple. i increase my btc and sell out whatever i have increased.
the daily pivots are as follows
1) 7130
resistance 1) 7818
r2) 8440
r3) 9133
if you open the daily chart with the ichimoku cloud, there is a red area ending at about 8400(heavy resistance) but i think this time btc will cross it. 8440 is a good sell and buying back at 7818 is my target. everyone has a different strategy, mine is simple. i increase my btc and sell out whatever i have increased.
the daily pivots are as follows
1) 7130
resistance 1) 7818
r2) 8440
r3) 9133