Bulls marching towards key $6,000 resistances after very healthy daily consolidation. If we break the current lows of hourly consolidation, we will look to this 4 hour chart to look for a higher low. All eyes set on the key $6,000 zone where many traders expect a rejection. If we see a move over it by a couple hundred dollars I would expect FOMO to kick in to the 1/3 of traders who think BTC is heading under 3k. (3k person poll on twitter) I am still in my half ETH position and looking to use the longer term 4 hour chart as my guide on the swing position. Microsoft conference today with some ETH mentions and then leading into Consensus.
Don't you think we should see a correction wave till $5650? Does BTC have enough power for a breakout? I would wait a little, according to my analysis, both options are possible:
FreemanIT
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Safe_Signal
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- BTC is facing with strong resistance at 6100$
- This is the first test. It needs two or three times to test to break this resistance.
- Low volume with higher price
- We're seeing bearish divergences in the RSI , the MACD , Stochastics, Volume , ...
- Strong support at 5380$
Please take a look at our idea and let us know what you think!