Since our last screening, #Bitcoin has taken a nice jump above some very important levels! First off, we broke above our $7,500 horizontal #resistance with ease (blue arrow)! We showed a little hesitation with our #bull trend #support (acting as a resistance), but #BTC eventually broke out above this as well (red arrow)! These are VERY good signs of bullish strength. Right now we seem to be clearing out some room as our #RSI became very overbought on the 4hr chart. As long as we can maintain this bull trend support (blue diagonal line), we should be sitting pretty. Our next target is that $9,500 horizontal resistance (red horizontal line). I'd be okay with a little consolidation while still respecting our support. I wouldn't mind some sustainable growth moving forward, so we don't have to deal with these 75% portfolio dips too often. That wasn't fun. April was suppose to be the month of the bulls, and so far they are delivering. Let's see how the #bears respond. Stay vigilant!
Let me know what you think!
Thank you for sharing.