Bitcoin might be volatile in the next 8-12 hours
BTC UPDATE
A few takes from this daily closure:
- Bulls are trying to build a new support at
64K area.
- Bears are waiting at
65K area to drop the price again.
- Strong breakout trendlines are there to hold the price where I expect more bulls to join in.
- Some ranging between65K - 64K is expected for some time until we have a clear breakout either side.
- 4hr timeframe has second last candle as engulfing candle indicating that the bulls are there somewhere at around 62k.
My take:
I think after 8 - 12 hours we'll see some sort of movement and I'll wait patiently. Lows can be retested again and BTW I am not bearish at all!
$59.5 - $62 support is getting retested that's all what I see it as! Bitcoin is still in the price discovery mode!
If you've liked the idea make sure to give a LIKE!
A few takes from this daily closure:
- Bulls are trying to build a new support at
64K area. - Bears are waiting at
65K area to drop the price again.- Strong breakout trendlines are there to hold the price where I expect more bulls to join in.
- Some ranging between
65K - 64K is expected for some time until we have a clear breakout either side.- 4hr timeframe has second last candle as engulfing candle indicating that the bulls are there somewhere at around 62k.
My take:
I think after 8 - 12 hours we'll see some sort of movement and I'll wait patiently. Lows can be retested again and BTW I am not bearish at all!
$59.5 - $62 support is getting retested that's all what I see it as! Bitcoin is still in the price discovery mode!
If you've liked the idea make sure to give a LIKE!
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.