Hello Steemians
Hope everyone is doing well.
I was expecting that price hold $9k & momentum continue towards $20k.
But FUD
Only bad news affect TA.
From last 3 days whole cryptocurrency market in red.
Why I am considering $9k important zone.
I also mentioned that under $10k for bitcoin will be
good price for long term target $20k.(My first target)
Compare History
we seen at $9k there is too much support
BarUp/Down indicator favours $9k all time.
we saw in past that bitcoin consolidation too much
between $8200-9000
ADX indicator supports $9k too much in past.
While big sign is that that SMA 200 below price at
$9k. I know price is drop a little bit from $9k.
But Bitcoin is volatile currency
so it can regain it in hours.
Compare history How many times price bounce from $9k.
Compare three things to consider here
Stochastic RSI at ($9k)
Donchain Channels at($9k)
Bounce back from key support at ($9k)
What's next ?
Hopefully I expect bounce from here
because Stochastic RSI turning upward
along with Woodies CCI indicator.
Key level to watch now on downside (for next 24 hours)
$8500
$8380
$8040
Key level to watch now upside (for next 24 hours)
$8821
$9074
$9231
Go through lessons (by salahuddin2004)
Lesson # 1 (Support/Resistance levels)
https://steemit.com/bitcoin/@salahuddin2004/lesson-1
Lession # 2 (Breakout/Breakdown/New Support/New Resistance)
https://steemit.com/bitcoin/@salahuddin2004/lesson-2
Lesson # 3 (False Breakout & how to avoid them)
https://steemit.com/cryptocurrency/@salahuddin2004/lesson-3-false-breakout-and-how-to-avoid-them
Top 70 Cryptocurrencies (Buying points/Target points) by me
https://steemit.com/bitcoin/@salahuddin2004/top-70-cryptocurrencies-buying-points-target-points
FOR requesting TA, Whatsapp me
https://steemit.com/bitcoin/@salahuddin2004/one-extra-feature-for-my-followers
Don't Forget to Resteem.
Thank you.
Take care.