BITCOIN - Everything is Simple!

Bitcoin broke all resistances and hit $10500. However, currently the price is fixing below the ascending resistance of the previous global triangle, but above the support so we can consider this downward movement as a correction.

Important levels above are $9350 and $9650, in case of a breakout of at least $9350 you can start entering LONG if you didn't do it before. Enter only after fixing above, because we can see a scam wick lower to the zone of $8800 - $9000. Targets for this LONG are $10750 and $10930.

Everything is very simple here - the price absorbed the whole downward movement but moved below the important level - $9650. If we fix higher - we go higher, but if we fix lower - we go to the correctional phase.

הערה:

We remind you that fixing in the zone above $9350 is a very bullish sign, and going beyond the resistance of $9650 is even more bullish, so monitor where the price is traded. To enter the trade, you need the proofs of the scenario, as now the stop losses will be made only in this way. So, you can not catch all the movement, but it is safer.

The market is very aggressive now. However, the bulls have a clear defence goal and it is a level of 23.6 % fib. at the level of $8967. Therefore, approaching this level, the price will push up.

The local exit into the downward channel did not succeed, so the bullish scenario is now becoming even more relevant.