Bitcoin has been able to hold the line, establishing 6k as its recent bottom and making an increase of almost 30%.
Using 4H chart as reference, we can see that 9 and 9.5k are its near term resistance levels while making 7.8k as its nearest support. Adding ichi moku clouds into the mix, it is imperative that it doesn't hit below 8k anymore.
Chart references by @saintmart
4H chart - storage.investagrams...-113834-u2BUhxkg.jpg
Daily - storage.investagrams...-113623-hcNamcgU.jpg
Verdict: Go LONG with stop loss set at 7.8k.
Note: PlusCoin ($PLC) - A decentralized cashback platform on the Ethereum blockchain. Learn more about us by reading PlusCoin's FAQ.
Using 4H chart as reference, we can see that 9 and 9.5k are its near term resistance levels while making 7.8k as its nearest support. Adding ichi moku clouds into the mix, it is imperative that it doesn't hit below 8k anymore.
Chart references by @saintmart
4H chart - storage.investagrams...-113834-u2BUhxkg.jpg
Daily - storage.investagrams...-113623-hcNamcgU.jpg
Verdict: Go LONG with stop loss set at 7.8k.
Note: PlusCoin ($PLC) - A decentralized cashback platform on the Ethereum blockchain. Learn more about us by reading PlusCoin's FAQ.
