7810-7900 is important resistance short term..

Currently BTC has entered in 7650-7675 resistance zone.. (upto 7702 it can resist)

BCH is also pumping along with BTC which is indicating some bullish signs of market on alts..

BCH in Satoshi pair..

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$8014 was high on Bitmex for few seconds so we can't say resistance is broken..

There is supply zone at 8010-8080 hence facing resistance there..

There is no resistance technically in that zone..

Its depending on Price action.. Supply zone is located above the price action Always..

Demand zones and supply zones are essential parts of trading..

Recent demand zone was 6390 and price exactly pumped from 6420 (nearby price of demand zone)..

More number of testing will reduce the strength of those zones..

9250-9450 was short term reversal support that I mentioned very long time ago.. It means if price breaks down the reversal support then it will be hard to regain the same in short period.. It takes time..

6120-6300 is mid term reversal support and still maintaining the support.. If its breaks the support and also demand zone of 5850 then we have to wait till Q4 2020 or Q1 2021 for BTC bull run.. (TF analysis and fundamentals will play role in this)

You have seen it that once 9250-9450 got broken how hard it was to regain.. It pumped to 10700 with Chinese fundamental but again came back to the same..

I have given the Conditions ( in my October and 12th November 2019 analysis ) for BTC to go 15000 so it should be satisfied to go there and beyond 15k..

For alts, I am not giving alts signals = it clearly explains you the reason.. Understand the Market cycle.. #BCH #XRP showed some indications for alts mini run but not earlier.. Don't make hurry for alts else you will fall to the illusions of whales and market makers..

Be a trader, not a gambler..

We bought at 7900

Took first 2 take profit on 8260-8305 and 8505-8584 zones respectively..

BTC exactly went to local resistance and then dropped by $200

BTC made high of $8760 on binance which is exactly in our resistance zones..

Supports -
8370-8440 local
8100-8190
7920-7990

Resistances
8755-8800 local
8910-9000 weak
9250-9450 reversal resistance (important)

BitMEX
#XRP/H20 Take-Profit target 2 ✅
Profit: 15.3655% 📈
Period: 2 Days 18 Hours 35 Minutes ⏰

BitMEX
#ETH/USD All take-profit targets achieved 😎
Profit: 52.3013% 📈
Period: 1 Days 6 Hours 23 Minutes ⏰

We used only 5x leverage on bitmex trades..

BitMEX
#ADA/H20 Take-Profit target 2 ✅
Profit: 17.4292% 📈
Period: 49 Minutes ⏰

Just opened before 52 minutes..

Leverage is 5X only

Facing resistance in 8755-8800 local resistance zone..

$8910-9000 Resistance has been hit..

BTC did high of $8916 on Bitmex and $8900 on Binance..

I hope you took 4th take profit at this resistance..

Now next scenario -
Market does not go in a straight line..
We may see short term reversal to 8100-8190..

BitMEX funding rate is pretty high and in favour of shorters..

Just relax if you have taken profits..
And from our Trollbox our first short entry is filled at 8890.. You can hold it if you got in..

That's how our support and resistance works pretty accurately ✌️

BitMEX
#ADA/H20 Take-Profit target 3 ✅
Profit: 27.2331% 📈
Period: 9 Hours 53 Minutes ⏰