Welcome friends, sorry about the delay in the reports this week, but lets take a look at the Bitcoin market.
Bitcoin has once again popped up above the 200 ma on the 4hr, this could be a very bullish signal, however like always, it can also get rejected and confirm the bearish trend once again.
Resistance is still heavy above 11k – 12k and I would like to see prices stay above 10k to confirm the recent bullish push.
Support is around 10k and should be solid around 9k, however if 9k gets tested and the bulls do not show up for the party we will experience another dip and possible sell off.
Be patient and wait for the markets to give us the next clue, safe trades, remember you can chat to me directly in Discord. Safe trades.