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Looking at the 4H chart, we have finally broken out of the downtrend channel and slowly moving up towards the 618 fib. Noting that the EMA200 has finally made the golden cross with the EMA50 and we are above the bearish ichimoku clouds. I suspect we will see some sideways trading before some BTC Yakuza primes the pump.
I'm guessing the Chinese holiday goers have finally returned to help build up the market back to it's previous glory. I can easily see BTC reaching $12k before hitting some upper resistance. Looking at CEXIO exchange, I see a 700BTC sell wall hovering between 12.2k and 13k.
Good luck trading!
<<< For entertainment purposes only, this does NOT constitute financial advice. I'm not responsible for your losses and profits. Nor am I your investment advisor. >>>
Looking at the 4H chart, we have finally broken out of the downtrend channel and slowly moving up towards the 618 fib. Noting that the EMA200 has finally made the golden cross with the EMA50 and we are above the bearish ichimoku clouds. I suspect we will see some sideways trading before some BTC Yakuza primes the pump.
I'm guessing the Chinese holiday goers have finally returned to help build up the market back to it's previous glory. I can easily see BTC reaching $12k before hitting some upper resistance. Looking at CEXIO exchange, I see a 700BTC sell wall hovering between 12.2k and 13k.
Good luck trading!
<<< For entertainment purposes only, this does NOT constitute financial advice. I'm not responsible for your losses and profits. Nor am I your investment advisor. >>>
