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Monday, September 14, 2020

The Bulls have Stopped the Panic

The Bulls have Stopped the Panic


After all, it was basically a good retest of the resilience of a very important psychological support at $ 10K, which proved to be functional and bitcoin can now grow with more certainty.

Bitcoin began to rise again on September 9, and today it looks like it will soon aim for $ 11k. What is very important, however, is the fact that the CME GAP has still not been reached at $ 9,600 (it has already been filled many times) and the minimum on the binance exchange was $ 9,825.

Technical analysis:
Important Support at $ 10K (multiple confirmations)
CME Gap at $ 9600
RSI 1H-3H (overbought)
Current Resistance at $ 11.3K
Strong Resistance at $ 12K
Probability of moving in the range of $ 10K - $ 11K

from Trading Ideas
via gqrds

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