Bitcoin bullish

Bitcoin bullish

Yea, Bitcoin has chosen the right way to go! Got above 8300, so now it will act as support for the next time it pull back. With such candle and volume it is targeting 9000-9150 for sure. Shorting BTC at this stage may give ~2% scalp, but risk is too high, as way up will bring much better prizes. HODL!

Resistance: 9040 – 9150 – 9550 (longer term, but BTC is capable of covering this distance in one wick 10500)
Support: 8200-8300

Progress for past 4-5 days:
Fear & Greed index: 56 (<= 49 <= 45 <= 50 <= 41)
BTC Dominance: 68.2% (<= 68.1 <= 68.1 <= 68.1)
24h Volume: $96.3 billion (<= 77.3 <= 85.2 <= 101)

Remember the big picture of cycles (caused by halving).

Published at Tue, 14 Jan 2020 09:08:37 +0000

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