Quote from: Lasky366 on August 18, 2020, 03:27:56 PM

$Updated BTC Local Roadmap 📜

Locally we received a new Range to work with, since the breakout of 12k$ Horizontal Resistance it should switch into the Horizontal Support, and we have New Resistance around 12.450$ established.

Overall priority is bullish as we are charting in the Ascending Channel, however we might get a retest of the 12k$ Support Zone, also the Mid Line of an Ascending Channel. In this case looking for a bounce and taking a long once it's confirmed.

Second scenario we break out of an Ascending Channel to upward, it's also a breakout of a new established Resistance, it's also a bullish case and a good point for a long position here.

This local structure remains valid, while we hold above 12k$. As if we go lower at least Lower Boundary of an Ascending Channel will be retested.

Well Done $BTC, now we should watch for the 12k$ Horizontal Support. If retracement follows long can be taken, cross under this zone will lead to the retest of the Lower Boundary.