WHAT'S NEXT FOR BITCOIN?
Hello traders!
Today we are going to look at the potential movement for Bitcoin. These past few days we have seen a huge leg up, breaking the resistance at 28.000 and finally hitting the 30.000 area, having an almost 10% gain these past few two days. What I think follows this is a healthy correction back down to 28.000 and potentially even lower, this is a common pattern with Bitcoin for each time it has it a new high. We can see clear resistance at 30.000 and a solid support at 27.000 area with the 1 hour time frame. From the MACD indicator we can also see that the momentum and volume is heading downwards.
In conclusion: I would wait and see these next days what way it is going, on the lower time frames I would begin to look at a short setup. Good luck!
Enjoyed the analysis? Like! Want to see more? Follow!
Let me know what you guys think! Let me know in the comments!
- The Stallion
REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
Today we are going to look at the potential movement for Bitcoin. These past few days we have seen a huge leg up, breaking the resistance at 28.000 and finally hitting the 30.000 area, having an almost 10% gain these past few two days. What I think follows this is a healthy correction back down to 28.000 and potentially even lower, this is a common pattern with Bitcoin for each time it has it a new high. We can see clear resistance at 30.000 and a solid support at 27.000 area with the 1 hour time frame. From the MACD indicator we can also see that the momentum and volume is heading downwards.
In conclusion: I would wait and see these next days what way it is going, on the lower time frames I would begin to look at a short setup. Good luck!
Enjoyed the analysis? Like! Want to see more? Follow!
Let me know what you guys think! Let me know in the comments!
- The Stallion
REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
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.