MonkeyPhone

Bitcoin Update September 10th

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PHEMEX:BTCUSD.PI   BTC Inverse Perpetual Futures Contract
We're at a critical juncture currently with us being at the 200ma on the 4hr chart, resistance 3 on the weekly pilot chart and where price should be on the monthly chart. If bulls can break though this resistance, I don't see price slowing down until 23500 which is a downward trendline which has pushed price up or down everytime it has came close to it and is also near the resistance 1 on the monthly pivot chart. I'd look for a long entry around 21800 to be held short term until 23500.

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