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AyKay-Trading

Bitcoin update

Bitcoin (BITFINEX:BTCUSD)  
AyKay-Trading Uppdaterad   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns
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trendanalysis chartpattern
I'm neither bullish nor bearish right now but to go higher (>6770$):
(a) BTC must break the Kijun Sen (red line)
(b) Chikou Span (green line) must break its kijun

It will probably be a hard resistance.

If BTC does kreak this level the next target is 6920$ which is a .618 Fib retracement from the latest rally.
Kommentera:
Kijun Sen (thin red line) plays a tough resistance on the daily timeframe. We'll see if BTC can break it and reach the .681 Fib retracement at 6900$ from the last rally.

No positive or negative sentiment right now. I'm just looking at the price and wait for better conditions to take a position.

snapshot
Kommentera:
BTC struggles to break Kijun Sen on the daily timeframe.

But not impossible neither.

snapshot
Kommentera:
Interesting fight between bears and bulls between Kijun 1h and Kijun 4h timeframes

snapshot
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