#BTC/USD looks ready for $11.5k. Will it be the TOP?

Thanks for coming by to this quick update.
Bitcoin looks strong here and ready for a rally towards $11,500 area.
Though $11,120 STANDS TO BE A STRONG RESISTANCE AREA, the green box remains the point of intersection where multiple resistance points intersect with each other making it the perfect spot to be hit in the coming few days.
This is a short term chart and shouldn't be used to take long term trades.
Please observe the chart, I've shown exactly how I reckon the price will move.
Also I am leaving the link of the chart where I speculated BTC to reach 12k within the first week of August which exactly got hit, This update was posted on May 9 2020!!!

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Komentar:

Comment: BTC/USD 4 Hour Update:
Following our chart like a charm.
Broke above the 200D MA All we need is the current candle to close above 200D ma to confirm this breakout.
Expecting a bit of retracement and then rally t o $11500.
Just keep an eye on that 200D MA.

I'LL KEEP THIS CHART UPDATED,

Komentar:

#BTC Update: Bitcoin is at critical support now.
There are two important line which intersect with each other around 10.2k which is the most important level now. Though you can see those yellow boxes. BTC really fluctuates aclot in this are and breakdown won't be easy IMO.
Any break below the black trendline could take BTC to $9.3k. It won't happen that quick. My 13.3k target is still valid and will get invalidated only on the break of $8867 which seems highly unlikely.
Do not forget we broke almost 950 days Resistance which is very important as per TA.
So look for the long term rather than the short term. Remember those people who sold BTC around $350 and bought back at $20,000.
Stay tuned

Komentar:

This is another way of looking at the chart. We can see a wick to $9920 and a quick bounce. If you are a Margin Trader you can use this level as the best entry possible WITH A SMALL SL around $9880.