#bitcoin - Bulls are taking over (for now)
After last night very clear break of the neckline-area, the bulls look stronger than last week. We had some volume incoming. Generally, the target of this A&E is around 
13K, where also the former high and the Yearly Pivot is placed. Please bear in mind, that diagonal trendline coming from the last two highs, could bring this pattern to a pre-mature stop between Weekly R2 and Monthly R1 ($12.2-12.5k).
At the moment we already reached the new Weekly R1, our new Weekly Pivot is at $10.500 and forms together with the Monthly Pivot a nice support in that area which we should keep in mind for forming the next possible bullish higher-low. Also the neckline has not been retested yet, it does not have to happen, but it can. Trade safe. Always set stops.
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Warm regards,
Neru
13K, where also the former high and the Yearly Pivot is placed. Please bear in mind, that diagonal trendline coming from the last two highs, could bring this pattern to a pre-mature stop between Weekly R2 and Monthly R1 ($12.2-12.5k).At the moment we already reached the new Weekly R1, our new Weekly Pivot is at $10.500 and forms together with the Monthly Pivot a nice support in that area which we should keep in mind for forming the next possible bullish higher-low. Also the neckline has not been retested yet, it does not have to happen, but it can. Trade safe. Always set stops.
______________________________________
Warm regards,
Neru
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