$BTC on the way up!

1 mar 2018

BTCUSD

BTC has battled well in the popularly known resistance zone or sometimes called Confluence of Resistances. It has not given up , trying to battle with better Stoch RSI and OBVs.
The path indicated above is based on the assumption BTC wins the battle of crossing the resistance. 10k levels will turns into a river of oblivion if BTC is able to go past 12700+ eventually in coming weeks.

Nothing new , but Downside is possible to retest 9200 if any close below 10520 happens on the daily chart. The Quick turnaround from the 9400-9500 levels indicate institutional interests are increasing in crypto market. Fear of going to 5000 or bloombergs 990 levels will eventually wane out.