Bitcoin Meeting $9,000 Resistance | Small Correction Now But $9,500 Triangle Target Still Valid!

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We are simply back testing the monthly level @8491 (Binance) we broke Sunday (the top of the of the swing high). If we hold 8491 we are golden to blast through the next monthly level which is 9380 (the bottom of the monthly swing high candle (the 20k one). If we do not hold we are headed back to 6K which is the next support level (we could even blast a little bit lower than 6K the first poke). Also remember that 9380 is a MAJOR sell target for institutional buyers and many smart traders as it is the first important monthly resistance point.

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Carl, this bull flag contains huge acumulatted power. We must wait for couple days to see.

UPDATE: Die 4 hour ribbon provided some support in this small dump which led to a bounce. Maybe this bull flag/pennant is still valid? These wicks really hurt my head though haha… As long as we hold the 4 hour ribbon, I think we’re still on our way to $9,500 🙂

In Los Angeles rn, getting ready to sleep 🙂

We’ve bounced off the 0.5% fibb level nicely since the run up.

I always watch Carl when I am pooping.

Yes I suspect we will see this price before 5 en 6 figures 😉

Love that part lol

Great video carl! You are the man!! I also got stopped out of my trade. What’s your plans going forward? Also I’m surprised you didnt mention gbtc.. it is trading at a 37 percent premium. More evidence that institutions and retail investors are streaming in. I will definitelywashthnexvideooo

We’re back in the triangle.

Yeah its pretty cool

And my previous trade got stopped out, but I’ve re-entered with a long. I still think $9k+ is likely 🔥

Hi, which EMA ribbon do you use and what are the periods used ?

abandoned baby bullish , maybe we’re still on our upward breakout or maybe abandoned baby bullish it’s over.

Carl can YOU look at FATF. Exchange Bitvavo mentioned it that is not good for crypto