I'm bullish on BTC
First of all, sorry about the messy chart, but nonetheless, I appreciate you taking time out of your day to peep my analysis.
Looks like bitcoin has again, flipped the resistance to support of the grey box area and is peaking out over a very long term trend line that has been rejecting us over and over again. If we can close at least a 4hr over that lavender down sloping resistance I can see a new range at 6.9k-7.2k form on the way to the next grey box territory from about 7.3k-7.4k. I will look for a correction there before movin on up to the ultimate grey box between 8.1k-8.5k. a break and close above the 8.5k level would signal to me we are in full reversal mode. I wish all of you out there trading this market the best of luck, may you forever put the odds in your favor!!!!
Looks like bitcoin has again, flipped the resistance to support of the grey box area and is peaking out over a very long term trend line that has been rejecting us over and over again. If we can close at least a 4hr over that lavender down sloping resistance I can see a new range at 6.9k-7.2k form on the way to the next grey box territory from about 7.3k-7.4k. I will look for a correction there before movin on up to the ultimate grey box between 8.1k-8.5k. a break and close above the 8.5k level would signal to me we are in full reversal mode. I wish all of you out there trading this market the best of luck, may you forever put the odds in your favor!!!!
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