Bitcoin: it eventually moved up, now be careful!
I you have seen my two last post, I was waiting for a pattern to confirm the reversal of the downward movement. Specially, in the last idea (which you can see below in the related ideas section), I counted 4 reasons for why we should expect an upward movement (which I think unfortunately did not attract any attention, since I did not get any feedback :( ).
Anyway, now I want to draw your attention to a special resistance area which I have shown by a blue line (~38870 level). This area has shown to work as both resistance an support in the past. Please also not that RSI is in a level which reverted its direction many times in the past. So there is a possibility of a downward movement if the price cannot overcome this resistance level (be careful!). However, if it can break it strongly, we can expect another push to higher levels in the coming hours.
Please do not forget to support this idea with likes and comments if you agree with it. I will definitely continue my idea posts without any expectation, whether you support them or not; I love all of you anyway. But your likes and comments mean a lot to me, and raises my motivations very much.
Be good luck and have good trades! :)
Anyway, now I want to draw your attention to a special resistance area which I have shown by a blue line (~38870 level). This area has shown to work as both resistance an support in the past. Please also not that RSI is in a level which reverted its direction many times in the past. So there is a possibility of a downward movement if the price cannot overcome this resistance level (be careful!). However, if it can break it strongly, we can expect another push to higher levels in the coming hours.
Please do not forget to support this idea with likes and comments if you agree with it. I will definitely continue my idea posts without any expectation, whether you support them or not; I love all of you anyway. But your likes and comments mean a lot to me, and raises my motivations very much.
Be good luck and have good trades! :)
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