So we have this wedge going along nicely still not much to keep on doing with this chart until some action unfolds. So anyway I have marked where I think this will break out from that resistance and follow a nice upward channel. ( I will also publish a zoomed out view of this too)
So when we see a break out above where we are being held BTC should rise pretty well but knowing entirely can be guess work at its best because it will all come down to volume we see through the markets. So if you picked up at 7K you are doing very well and give yourself a pat on the back. So when this breaks out and if volume is what it should be our next resistance line is sitting around the 10300 mark we could rebound back from there to where we started but again trying to work crypto out can really break you if it decides to not play the game.
So if you decide 10k isn't enough and want to see if you can get more so you throw your balls on the table and let the crypto gods keep them in their grasp, the next resistance is around 12200, this where you are probably feeling like your balls are too big for the gods to hold but don't be mistaken things can turn quick.
So keep your eyes on the MACD and the RSI, MACD is starting to cross over on the day chart so it could be signaling good times are confirmed, as for the RSI it needs to stay in that over bought area for the price to go up as well. So if you have left your balls in the crypto gods hand watch the RSI maybe on the 2 or 4 hour chart to see when it's looking the over bought stays in your favour.
So good luck on what you decide to do if you think I'm full of shit do tell in the comments or where you think I can improve. Don't let anyone tell you when to sell just use what's at your disposal
So when we see a break out above where we are being held BTC should rise pretty well but knowing entirely can be guess work at its best because it will all come down to volume we see through the markets. So if you picked up at 7K you are doing very well and give yourself a pat on the back. So when this breaks out and if volume is what it should be our next resistance line is sitting around the 10300 mark we could rebound back from there to where we started but again trying to work crypto out can really break you if it decides to not play the game.
So if you decide 10k isn't enough and want to see if you can get more so you throw your balls on the table and let the crypto gods keep them in their grasp, the next resistance is around 12200, this where you are probably feeling like your balls are too big for the gods to hold but don't be mistaken things can turn quick.
So keep your eyes on the MACD and the RSI, MACD is starting to cross over on the day chart so it could be signaling good times are confirmed, as for the RSI it needs to stay in that over bought area for the price to go up as well. So if you have left your balls in the crypto gods hand watch the RSI maybe on the 2 or 4 hour chart to see when it's looking the over bought stays in your favour.
So good luck on what you decide to do if you think I'm full of shit do tell in the comments or where you think I can improve. Don't let anyone tell you when to sell just use what's at your disposal