July 19 2019 BTCUSD Bounce 900+ in short time

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  • What a surprise bounce from 9300 toward 10600 in matter of less than 2 hour. and it's just breach it's down trendline very swift pace, if it's holding up above the down trendline and didnt broke that level again i could imagine a bullish continuation might begin in this level.

  • Resistance is expected around the next fibonacci 10600 and if it broke that line i expect 10850 - 11000 would be a next hard resistance. As for support for short term, it's more around the down trendline (red line) + up trendline area which is act a solid support 10000 and if it's broke that level, i expect 9500 target again.

  • Indicator is 4 hour still a solid bullish for short term for now. Bullish divergence (4hour) and also a ADP level is rising toward bullish area. If this continue to move upward, it's a good sign for bull trend.

Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion, any relation between my posts toward any of your trading decision would be on your own consequence. please feel free to share what your thought on comment section.
peace.

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July 19 2019 BTCUSD Bounce 900+ in short time | Ecency