Bitcoin still looking strong. If price can break above the 10074 high, I’d expect ...

in hive-142013 •  4 years ago 

... a move to 10500. Even breaking and closing above 10000 would likely be enough to propel this up. The levels beyond this would be 10950 and 11500. I spoke about the importance of the 10500 and 11500 levels in some previous posts.

If price breaks below the 9440 level (low of last few days), I would expect a move to the 21 EMA at about 9160. The downside is not a good trade given the risk/reward. But it is important to be aware of pivotal levels because these tell you a lot about strength. Any move that drops below the 8400 level would be at risk of erasing the golden cross we have.

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I agree! Good analysis. What do you see for Ethereum?

I haven't yet studied ETH.. it used to interest me a couple of months earlier, but not anymore! Not focusing on any Alts right now..