Hey everyone, I've been quiet of late, and will continue to be however I feel like sharing today so why not? Oh and please ignore my charts business I couldn't be bothered tidying it up for this only to have to re-do it all, you understand I'm sure. Firstly... Anyone else catch that ~10% ride in the last 24hrs? Me too, I liked that a lot. ANYWAY let's jump into it! BTC is currently pushing against several resistances, and it is going to take a good rally to see it push through and hold. If it does, should be a clear run through to between 9.9-10k before taking a breather. Option two is we don't see the needed rally to breakthrough just yet, and we see a drop off. Now I have been weighing it up for considerable time and the fact is there are so many support levels that I truly don't know where it will land, it all depends on the gusto. That being said, i find it unlikely it will push below the green channel (at least by much, and not for long) - sitting at approximately 8.5k. I wish you the best in the coming days, trade responsibly and make bank!
-Scoot out-
-Scoot out-