BTC Update!
TA strikes again! Been away for 6 days from here so apologize for that but really nothing has changed. Just continuing to follow the technicals.
Last charts I was watching for our next resistance to be at $7,777 and not surprisingly we just double topped with us hitting just under $7,780. I was also watching 100 Day MA but wasn't too concerned with that and it did keep us under for a few days with us finally breaking above it last night only to double top.
So next levels continue to remain the same for resistance, $8k psychological and then $8600 on daily chart. Weekly chart not pictured, I will keep a close watch on 50 week MA for resistance which currently floats around $8375 and fully expect a weekly lower high to form (lower than $9948).
Bulls continue to remain extremely comfortable. I have profit taken a few times and did hit a rebuy on a pullback the other day in the low $7200's and took profits again last night. Will ride a stop loss off 4 hour higher lows currently or potentially use 12 or 26 EMA on 4 hour chart as a SL due to them continuing to be relevant and holding as support for BTC.
Just My 2 Sats!
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