Hello dear crypto friends, hope you're doing well guys! ;)
BTC perfectly followed-through from our last analysis (Full disclosure: I closed the rest of my position at $10,6k already because I anticipated a Doji reversal there, I was long since the neckline break at $10,2k):
Now we have reached the $11k range (we still have little bit of room). But very important guys, look at the RSI on the Daily: We're basically in the middle of the range, far from overbought!
=> This begs the question of course: Will we even see a halt at the $11k? Well, at the least the most probable scenario would be some type of reaction, even if it's just a few Doji's.
What I definitely would like to see would be a rejection at $11k and further tightening up until $10,2k, before we see a break coming.
But of course, with raging crypto bulls, you never know! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
BTC perfectly followed-through from our last analysis (Full disclosure: I closed the rest of my position at $10,6k already because I anticipated a Doji reversal there, I was long since the neckline break at $10,2k):
Now we have reached the $11k range (we still have little bit of room). But very important guys, look at the RSI on the Daily: We're basically in the middle of the range, far from overbought!
=> This begs the question of course: Will we even see a halt at the $11k? Well, at the least the most probable scenario would be some type of reaction, even if it's just a few Doji's.
What I definitely would like to see would be a rejection at $11k and further tightening up until $10,2k, before we see a break coming.
But of course, with raging crypto bulls, you never know! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
