Bitcoin Market Simple Analysis
Hello Guys.
I'm gonna Just Simply Show you what the big picture is on Bitcoin Market.
As you can see BTC rallied from 3000 to around 14000 in a parabolic move.
then it made a double top and is currently trading around below 10000$.
Now as you can see on the chart we have 3 supports and 1 resistance.
the 8500-8800 range in our main daily support that we can expect a bounce from there.
if we break below that line things get a bit messier and maybe we can hope that GOLDEN SUPPORT holds and this correction comes to an end there.
so now we know where to look for a bounce and support and we can act accordingly.
have a good trading week.
Peace.
Join our Telegram channel : https://telegram.me/silkroadfa
I'm gonna Just Simply Show you what the big picture is on Bitcoin Market.
As you can see BTC rallied from 3000 to around 14000 in a parabolic move.
then it made a double top and is currently trading around below 10000$.
Now as you can see on the chart we have 3 supports and 1 resistance.
the 8500-8800 range in our main daily support that we can expect a bounce from there.
if we break below that line things get a bit messier and maybe we can hope that GOLDEN SUPPORT holds and this correction comes to an end there.
so now we know where to look for a bounce and support and we can act accordingly.
have a good trading week.
Peace.
Join our Telegram channel : https://telegram.me/silkroadfa
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