-BTC consolidating on the .5 fib right now with a possible inverse head in shoulders
-A break 9100 and stay possible target is $9500 (but $9500 might make alot of new money come in quick to give it a quick boost bc of the increase in confidence!)
-9200 is a big target right now to hit could signal confidence and give us a big push to 9500 target rather quick!
-9150 was the high of the last bull run attempt last month
thats why its pretty important to get above this mark!
-rsi isnt overbought on the daily but is on alot of time frames if the bulls are out it should stay heavy bullish until the daily is overbought and when that happens should put us up to enough confidence where rsi is gonna be irrelevant until the money stops flooding in.
-in the case bulls dont hold .5 FIB
if we lose steam we could drop to 8100 -8500 which looks unlikely bc we have massive support but cant always think constant bullish that could be a possible retracement though.
-$8700 is very strong right now
i do think its unlikey we go below 8700 but it is possible
it tried 3 times and failed misserably
-Just broke a strong resistance on RSI which has resulted in i upswing every time in the past and also acts as a strong support and is another reason i beleive it is unlikely we go below $8700 for the time being!
-A break 9100 and stay possible target is $9500 (but $9500 might make alot of new money come in quick to give it a quick boost bc of the increase in confidence!)
-9200 is a big target right now to hit could signal confidence and give us a big push to 9500 target rather quick!
-9150 was the high of the last bull run attempt last month
thats why its pretty important to get above this mark!
-rsi isnt overbought on the daily but is on alot of time frames if the bulls are out it should stay heavy bullish until the daily is overbought and when that happens should put us up to enough confidence where rsi is gonna be irrelevant until the money stops flooding in.
-in the case bulls dont hold .5 FIB
if we lose steam we could drop to 8100 -8500 which looks unlikely bc we have massive support but cant always think constant bullish that could be a possible retracement though.
-$8700 is very strong right now
i do think its unlikey we go below 8700 but it is possible
it tried 3 times and failed misserably
-Just broke a strong resistance on RSI which has resulted in i upswing every time in the past and also acts as a strong support and is another reason i beleive it is unlikely we go below $8700 for the time being!