What's up traders,
Here we are analyzing BTC/USD on the 1H chart.
Bitcoin is currently trading at 8880 after perfectly following our previous analysis (See my related for details of my original analysis) which offered the signal that Bitcoin was going to rise nicely. Price has completed the up swing we previously predicted and is now correcting at 8650 in preparation for a new up move. As it stands, price will break 8890, closing above the side-ward resistance line and hit the upside target at 9360.
Price is likely to continue the up move, and buying soon with the right setup is an intelligent idea
After the up move has finished I am expecting some minor downside.
Bare in mind, that the upside move will likely put Bitcoin in for a longer overall bull trend.
I will update this analysis when I receive above 40 likes.
Here we are analyzing BTC/USD on the 1H chart.
Bitcoin is currently trading at 8880 after perfectly following our previous analysis (See my related for details of my original analysis) which offered the signal that Bitcoin was going to rise nicely. Price has completed the up swing we previously predicted and is now correcting at 8650 in preparation for a new up move. As it stands, price will break 8890, closing above the side-ward resistance line and hit the upside target at 9360.
Price is likely to continue the up move, and buying soon with the right setup is an intelligent idea
After the up move has finished I am expecting some minor downside.
Bare in mind, that the upside move will likely put Bitcoin in for a longer overall bull trend.
I will update this analysis when I receive above 40 likes.
