BTC trading daily thoughts - Looking to sell at $9290 if breakout fails.
BTC is testing psychological resistance at $9000 right now.
If prices continue upward the next major resistance should be a downward trendline going back to January 6th that sits around the ~$9290 level now.
If BTC fails to breakout above that downward trend, I'm looking at a possible short-term sell to increase my coin count. Haven't decided yet on what my lower target should be if this happens. I'm not expecting a major dip or continuation of the crash.
If a breakout above 9290 succeeds, there is a lot of space before the next major trendline going back to December 17th that sits around $12500-13000 now.
Very interested to hear what everyone else is thinking today. Leave a comment and let me know.
Completely agree with you, we really need to breakout above 9000 for the confirmation of an uptrend for BTC! Followed you since I just a TA update on BTC as well!
I was just seeing the exact same thing dude! I made a little post (that happen to be daily) in this subject, I'm most confident that the breakout its imminent.
This post has received a 6.39 % upvote from @booster thanks to: @leeforder.