Bitcoin
BTCUSD
still shows strength and consolidation at 11325-11635 range is getting close to complete.
8 EMA works as support reliably. Diagonal channel defines the boundary of price movement. Unless we see a daily close below 11145 we can expect a strong jump.
Resistances to watch carefully:
DISCLAIMER: Please note that my trading approach is trend following. I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts.
Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
BTCUSD
still shows strength and consolidation at 11325-11635 range is getting close to complete. 8 EMA works as support reliably. Diagonal channel defines the boundary of price movement. Unless we see a daily close below 11145 we can expect a strong jump.
Resistances to watch carefully:
- 11975
- 12545
DISCLAIMER: Please note that my trading approach is trend following. I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts.
Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
