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RE: BTC - $10.000 broken - New ATH at $11.400

in #bitcoin6 years ago

When the rally started at 5500 so many have waited for a correction since then. It has tested 7400 and 8200 levels for some time. But the correction didn't happened. Once the rally started at 8200 it hasn't turned back. We faced little bit resistance at 10000 level. But 3rd resistance level breached. It means support levels have a huge margin for a 20 days period. At this levels we should not consider 60-dayand 90-days period which is out of picture. The picture lies with in 20-day period.
R1 - 10941.
R2 - 12779.
R3 - 13941.
R4 - 15103.
S1 - 9102.
S2 - 7940.
S3 - 6778.
S4 - 4939.
So the picture is clear. There will be strong support at 8k levels even if there is strong correction. Won't be expecting to break that point.

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Thank you very much for your analysis

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