Bitcoin Showing Strength! Will it Last?

In this post, I'm going to cover the major support/resistance levels for BTC and where I believe we're going from here:

Based off the 4hr chart, we're currently in an upwards channel as shown above. This channel started from the bounce at 15.6k (green horizontal line) which was the bottom wick from Nov 9th and also coincided with a buy signal from my Wave Fusion indicator (in my scripts page).

Our next micro resistance remains the 17.2k level that we previously rejected from yesterday, along with MAJOR resistance at the 17.6k level.

I'm watching my Wave Fusion indicator very closely if I get a sell indication that coincides with either of those two resistance levels. If so, I'll take a short and target the various support levels below (16.7k, 15.9k, or 15.7k).

If you enjoyed my technical analysis, please leave a boost and if you have any questions on my TA or indicators used, please leave a comment below or send me a DM :)

Thanks for reading!