Bitcoin update

I'm neither bullish nor bearish right now but to go higher (>6770$):
(a) BTC must break the Kijun Sen (red line)
(b) Chikou Span (green line) must break its kijun

It will probably be a hard resistance.

If BTC does kreak this level the next target is 6920$ which is a .618 Fib retracement from the latest rally.

Kommentar:

Kijun Sen (thin red line) plays a tough resistance on the daily timeframe. We'll see if BTC can break it and reach the .681 Fib retracement at 6900$ from the last rally.

No positive or negative sentiment right now. I'm just looking at the price and wait for better conditions to take a position.

Kommentar:

BTC struggles to break Kijun Sen on the daily timeframe.

But not impossible neither.

Kommentar:

Interesting fight between bears and bulls between Kijun 1h and Kijun 4h timeframes