BTC Overview April 2019

4 thg 4, 2019

Looking at heavy resistance at the $6,000-$6500 range after the most recent run. Expecting a pull back to reset RSI levels before a continued rise. Not much resistance until around $6,000-$6,500 as BTC looks to gap fill the area marked. Gaps will always fill at some point in a healthy market, whether up or down. In this case BTC is Bullish and trying to fill a large gap back up to the 6k+ range. Playing this gap fill for the short term would be considered a lower risk trade. However, a full bull market could be a ways away and this move could be the formation of another equilibrium pattern (a lower high forms at or around 6k) that could send us sideways for a few months. Major resistance at the $4,200 level (before recent breakout) was broken and now has turned into a nice support level, making $4,200 a good place to accumulate around. Took around 6 tries to break $4,200, making it very strong Support now. Playing for short term gains here is the best option until we get to a full bull run. The potential to drop is always lurking, although I do not see us breaking down below $4,200 support again. If it does then look for the mother of all double bottoms at the $3,200 level and major reversal. Being patient and accumulating are the name of the game.

5 thg 4, 2019

Ghi chú

Consolidation right now, lets see if we get another push up or the rocket has slowed and could test new support levels in the near future.

10 thg 4, 2019

Ghi chú

Booom! Just need a little more volume and for the $5293 to hold and the gap fill will continue.

11 thg 4, 2019

Ghi chú

11 thg 4, 2019

Ghi chú

3 thg 5, 2019

Ghi chú

9 thg 5, 2019

Ghi chú

Closing in on the local Top! Give that play button a press