Back above 10k again

2 Jun 2020

📉 Daily Bitcoin chart review 📈

Bitcoin broke out 9700 resistance and pumped to 10444. Today cool down. Next move either down to 9700-9800, or second leg up from bull flag. Nearest strong resistance at 10750. Next will be at 11555 and 12340.

Resistance: 10444 - 10555 - 10777 - 11555
Support: 9970 - 9750 - 9444 - 9222

😱 Fear & Greed index: 56 (<= 50 <= 51 <= 48)
👑 BTC Dominance: 65.5% (<= 65.2 <= 65.2 <= 65.6)
⚙️ 24h Volume: $125 billion (<= 102 <= 110 <= 104)

P.S. What is it, the fall of US dollar or growth of BTC, I don't know. Its all connected and moves together.

4 Jun 2020

Catatan

📉 Daily Bitcoin chart review 📈

Bitcoin didn't get to 9970 resistance yet. But still above 9444 and ~9250 support. As you can see, the uptrend is not broken yet, but after that massive bull trap we may expect anything. If price drop below mentioned above support levels, wait for it at 8900-8700. I also have long orders at 7700 and 8000 (but not shorting the uptrend, while it exists, as too risky).

Resistance: 9750 - 9970 - 10100 - 10240
Support: 9444 - 9222 - 8900 - 8700 - 8500

😱 Fear & Greed index: 54 (<= 48 <= 56 <= 50)
👑 BTC Dominance: 64.7% (<= 65 <= 65.5 <= 65.2)
⚙️ 24h Volume: $85 billion (<= 116 <= 125 <= 102)

5 Jun 2020

Catatan

📉 Daily Bitcoin chart review 📈

Bitcoin moves above 9750 support. Still haven't retested resistance above. After the test I expect it to dump back to 9444 / 9250 support. This is smooth scenario. Sharper dump may take it to 8900-8700. This whole cycle may take till the end of this week.

Resistance: 9970 - 10100 - 10240 - 10444
Support: 9750 - 9600 - 9444 - 9222 - 8900 - 8700

😱 Fear & Greed index: 53 (<= 54 <= 48 <= 56)
👑 BTC Dominance: 64.9% (<= 64.7 <= 65 <= 65.5)
⚙️ 24h Volume: $93 billion (<= 85 <= 116 <= 125)

8 Jun 2020

Catatan

📉 Daily Bitcoin chart review 📈

Bitcoin bounced from 9356. This is 12H chart for a change. Last candle look bullish and has increase in volume, which gives an idea, that those who bought the dips will hold till proper chance to take profit higher from current level. Therefore main targets are nearest resistance zones at 9975-10100.

P.S. This is still an uptrend, so don't play risky with shorts. Just buy the dips.

Resistance: 9755 - 9970 - 10100 - 10240 - 10444
Support: 9600 - 9444 - 9222 - 8900 - 8700

😱 Fear & Greed index: 53 (<= 54 <= 54 <= 53)
👑 BTC Dominance: 64.7% (<= 64,7 <= 64.7 <= 64.9)
⚙️ 24h Volume: $89 billion (<= 69 <= 80 <= 93)

9 Jun 2020

Catatan

📉 Daily Bitcoin chart review 📈

Bitcoin keep on taking longs and shorts on both sides, but this is not the volatility we are waiting for. Not possible to predict how far it can wick now but surely further than last candle did. Therefore main targets stay the same - nearest resistance zones at 9975-10100. Nearest support at 9370-9444. Pivot at 9820. Uptrend - longs are safer. Just buy the dips.

Resistance: 9820 - 9970 - 10100 - 10240 - 10444
Support: 9600 - 9444 - 9222 - 8900 - 8700

😱 Fear & Greed index: 52 (<= 53 <= 54 <= 54)
👑 BTC Dominance: 64.7% (<= 64.7 <= 64.7 <= 64.7)
⚙️ 24h Volume: $74 billion (<= 89 <= 69 <= 80)