Be careful!

Last time, I expected two scenarios and..

Bitcoin is now fighting with heavy resistance level.
But I think this level has high risk.

1. Really heavy resistance level
If Bitcoin want to go up more to 10000 level, I think Green Big upward candle is needed like 12, april.
Actually, it is not easy.

2. Stochastic level
If Bitcoin can't go up again, stochastic will be formed like yellow line, divergence.
At this point, divergence is really dangerous.
It divergence happens, there is a possibility to go down to 8000 level.

For risk management, do trade carefully at this time.
If we miss a trade this time, there are so many opportunities to catch up.
Be careful and smart.

Comment:

If you are not an aggressive trader, do not be impatient at this time.
I think to find out a meaningful rebound level, Bitcoin needs more time.
In an aspect of fibonacci retracement, 8500 ~ 9200 level could be important.
However, the most important thing in chart analysis is an action, not a prediction.
Market is a kind of creature of which many traders are made.

Watch out and take an action when you are confident.

Comment:

Last time I gave an idea about divergence, and it appears.
Now Bitcoin is in downtrend, and it is supported in 120 MA.
If this support line is broken, it could be really bad.
Be careful!
The most important thing is risk management.