We all know that 
BTC has formed an up-trend. However, recently Bitcoin just broke through the major resistance ($8500), exactly from this resistance the market started dumping to $3000 in the 2018 year. This fact makes BTC growing twice stronger.
The next closest resistance is located in the zone $9300 - $9400. Moreover, at the 1D chart, RSI has formed a divergence. By the way, Stoch. RSI just came out from the oversold zone, so RSI still has time to form a third top from the resistance (as mentioned on the chart), either it will be a simple double top which is divergence too. The closest support zone is located in the zone $8200 - $8500, there you can confidently open a LONG position.
In case 1-5-ABC pattern will work out, the price will form a H&S pattern that willBTC dump lower to $6000 levels.
If you found this idea interesting, do not forget to Like it and subscribe to the profile, so as not to miss our updates!
BTC has formed an up-trend. However, recently Bitcoin just broke through the major resistance ($8500), exactly from this resistance the market started dumping to $3000 in the 2018 year. This fact makes BTC growing twice stronger. The next closest resistance is located in the zone $9300 - $9400. Moreover, at the 1D chart, RSI has formed a divergence. By the way, Stoch. RSI just came out from the oversold zone, so RSI still has time to form a third top from the resistance (as mentioned on the chart), either it will be a simple double top which is divergence too. The closest support zone is located in the zone $8200 - $8500, there you can confidently open a LONG position.
In case 1-5-ABC pattern will work out, the price will form a H&S pattern that will
BTC dump lower to $6000 levels.If you found this idea interesting, do not forget to Like it and subscribe to the profile, so as not to miss our updates!
Note
In order to trigger stop losses, close the gap and draw fake breakout, this movement is quite possible. This will be the fuel for the $10k ride.
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Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.