Can Bitcoin push above this solid resistance area to kick start the bull run!
The next few days are critical as the upcoming area has a confluence of the below three levels of resistance:
1) 200 day moving average line.
2) Fib level of 0.382, if you take the move down from (approx $14K) top in 2019 and the recent $6.5K bottom.
3) The multi month support...
At the time of writing, Bitcoin was down by just 3.34% to $ 8,715.36 for. A mixed start to the day saw Bitcoin firstly rise from an early morning to a high $ 9,075.32. Elsewhere, EOS (-0.01%) and Litecoin (-1.74%) were also in the red in the early part of the day. It was a more bullish start for the rest of the majors, however, with Stellar's Limen up by 3.08% for...
Ltc price reached the lower end of the fib channel ,
That means we re still on an uptrend but on a slower growth due to the lack of volume,
Also the 0.236 fib level - white line of the fib taken from 106 high to 62 low, where the price action was unfolding around for the last few hours , happens to coincide with the 21 ema on the Daily ,
So we can see...
these are just my thoughts , like you reading its a game BUT if your in bitcoin long term then use long term charts WEEKLY.
the bottoms not in, RSI weekly says we are over bought,
may is the expected halving btc so i think we can dip lower
even so im sticking to this
im jumping in soon, not yet
BTC bull will leave the shit behind, chose wise