By Licia Leslie
December 6, 2024
Hi Shoppers,
Well, it has finally happened, Bitcoin (Ticker: BTCUSD) traded $100,000.
It immediately, within 30 minutes, popped up to $104,000.
Here is the five minute chart:
It didn’t last long as it made a complete reversal trading all the way down to $92,055, my pitchfork support level (which is pretty amazing):
This action created a highwave doji which represents mass confusion; the bulls are in control … .no the bears are in control … neither side is in control.
BTCUSD has opened back up to my very prominent support/resistance level, that you need to watch, at $97,475.
It looks to me like BTCUSD may just decide to take a breather and hang out here for a while.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain
PFE May17 26 calls closed for a 66% win
OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain