Here is my vision for next 2 weeks 16/04 - 1/05I'd say Bitcoin's momentum is neutral .
However, on smaller timeframes we can see that a buying power is trying to push Bitcoin above 7100 .
From a technical point of view we have a first resistance around 7100
If we break the 7100, the EMA 100 located around 7500 + simbolic level will surely be a place where the bears will be located.
I think it will take two more tries before Bitcoin can break the 7500 and then go get the 9000 where a lot of sellers can be there
So I'll stay buyer as long as we stay above the monthly pivot point of 6700 .
For daytraders an excellent scenario would be a break from the 7200 and then a return to the 7100 .
For swingers an excellent opportunity was to take position around 6700
A second chance could be a stabilization around the 7000 and a break of the 7100 ,
the stop loss should be around 6850 and a TP1 8000 (Risk reward not really interesting) but with a good trend follower everything is possible.
In the selling senario a stabilization in the lower part of the bollinger band and below the "monthly and weekly" pivot points would be a good sign to sell.
Don't forget to follow me on twitter .
