Here is my count for Bitcoin this morning. We MAY be entering a bull market. I emphasize the word MAY. If the critical resistance is broken at $10,100, a bull market will be confirmed. I won't consider the $10,100 resistance line broken unless the candle ( at least the 30 min) closes above that level. Wicks don't count and may be seen as a bull trap.
If the resistance is not broken, we may see a re-test of 9K. If that's broken, we might see it go back down below 8K for a short period of time. If that happens, I would expect a sharp rise very quickly up to the $10K level for a retest. I welcome your comments, thoughts and criticisms.
If the resistance is not broken, we may see a re-test of 9K. If that's broken, we might see it go back down below 8K for a short period of time. If that happens, I would expect a sharp rise very quickly up to the $10K level for a retest. I welcome your comments, thoughts and criticisms.