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 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!
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!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.