Bitcoin will rally at least 11k
BTC has broken the horizontal supply zone which is 10,500ish and right after it goes up to 10,700ish.
There is still more upside room.
Because of the major neckline + supply zone is on the 11,300ish.
1. Bull flag pattern
If the price construct like this pattern, we can enter the long position. then, easliy expect it would goes up to 11,300ish which is major supply zone.
2. Direct touch 11,300ish
That is expected to make pattern like this.
Current zone is also weak suuply zone so, It is expected to this pattern
3. Weak suuply zone's pressure
If current price level(10,700ish)is not broken, then price test at least 1 pattern(bull flag pattern).
Then, we can consider to buy at that level. If bear break the 10,200ish, that will be strong bear's control so If this price action will occur, then we need to set the new trading plan.
There is still more upside room.
Because of the major neckline + supply zone is on the 11,300ish.
1. Bull flag pattern
If the price construct like this pattern, we can enter the long position. then, easliy expect it would goes up to 11,300ish which is major supply zone.
2. Direct touch 11,300ish
That is expected to make pattern like this.
Current zone is also weak suuply zone so, It is expected to this pattern
3. Weak suuply zone's pressure
If current price level(10,700ish)is not broken, then price test at least 1 pattern(bull flag pattern).
Then, we can consider to buy at that level. If bear break the 10,200ish, that will be strong bear's control so If this price action will occur, then we need to set the new trading plan.
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