UnknownUnicorn666225

Is BITCOIN about to move Higher

Long
COINBASE:BTCUSD   Bitcoin
BItcoin - 1 Hr, 4 Hr, Daily & Weekly Chart - Short term, the 1 Hr chart looks like it will retrace to the 38% Fib level before bouncing from the Support level. If we take a look at the 4 Hr chart, for the short term we will see a short retracement from the resistance level to around the 38% Fib, this level is also previous resistance which is a strong indication it will hold. If we do breach this level, then the next support zone is around 9150. Moving on to the longer term, The Daily chart is showing signs of a move in an upward direction, continuing the current intraday uptrend. If we can breach the Resistance around 10950, then our next target is around 11500. Moving on to the Weekly chart, we can see we have a decending channel spanning back to the ATH. This is a significant zone, and if the future price breaks through this, then the next long term target is around 16100
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