BITCOIN Broke Resistance To Make New High After New Low FormedsteemCreated with Sketch.

in #bitcoin6 years ago

Screen Shot 2018-09-14 at 12.02.27 PM.png

We've been seeing some nice bull movement lately. Even though there was a slight pullback, this is healthy. We saw almost 10 straight bull candles on the 4-hr chart, so a pullback was inevitable and expected. As long as we see a higher low (so far so good), we will continue to see bull movement.

Since we had so many cryptos look so bearish lately with extremely oversold conditions, we should now see that help the bulls here. I think a lot of the bull money has been sitting on the side for so long that there will be plenty of liquid cash to help push prices up.

Screen Shot 2018-09-14 at 12.01.18 PM.png

The volumes have been looking good on the detailed views as well and the shorter charts. $6,378 is the support right now with $6,580 the resistance on the upside. I'm still thinking will be looking at a target of $7,100.

My prediction is we are still favored to see a week or two of upside.

happyTrading.png

Sort:  

Thanks for the update

Love this trend! Happy Friday.

Posted using Partiko Android

Coin Marketplace

STEEM 0.37
TRX 0.12
JST 0.040
BTC 70162.45
ETH 3540.43
USDT 1.00
SBD 4.79