Will #BITCOIN retest 41k july 5th through 11th?? Let's Find Out!
Before I proceed, check my previous Daily Post on Bitcoin to have an Overview of what we are working ON.
on 4H we have seen a valid Trend-Line with Break-Out, I am a FAN of Consolidation Break-Out at Resistance and Support Zones. This Break-Out are important part of my STRATEGY. Okay, back to the chart, we have seen a break-out of the Downtrend and a retest of the Trendline. Consolidation occurred with a STRONG Bullish candle break-out, we're currently looking forward to the break out of the Resistance Zone to LONG towards upper channel Trendline acting as Resistance and then a retest ( Retest doesn't have to occur and if it occurs, it doesn't matter if it retest the Zone ). A valid Bullish Engulfing towards the Zone after the upper trendline acting as Resistance is completed gives us a CONTINUATION as illustrated with the LINES.
on 4H we have seen a valid Trend-Line with Break-Out, I am a FAN of Consolidation Break-Out at Resistance and Support Zones. This Break-Out are important part of my STRATEGY. Okay, back to the chart, we have seen a break-out of the Downtrend and a retest of the Trendline. Consolidation occurred with a STRONG Bullish candle break-out, we're currently looking forward to the break out of the Resistance Zone to LONG towards upper channel Trendline acting as Resistance and then a retest ( Retest doesn't have to occur and if it occurs, it doesn't matter if it retest the Zone ). A valid Bullish Engulfing towards the Zone after the upper trendline acting as Resistance is completed gives us a CONTINUATION as illustrated with the LINES.