Bitcoin seems to be reversing after hitting the resistance of the last high based around the $38,500 area. Whether this reversal is a longer term bearish move remains to be seen. As mentioned in my other Bitcoin trading idea's, I'm still bullish on Bitcoin currently. This trade is meant for people who want to catch a short term change in direction.
On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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