Bullish trend possible if we break $8502.99.
$8970.69 and $9726.74 being the next fibonacci resistances.
The new upper golden ratio of $12,930.11 is the lower top of a possible bull market.
In the scenario of a fake-out we can assume the market to have low volume activity during the coming days.
I will post another analysis with a bear scenario in case of a bull trap.
Long term:
Bitcoin and blockchain sentiment uncertain but seemingly improving.
Altcoin prices starting to warm up from the crypto winter faster than expected as an indirect result.
A bullish pattern to the next lower top is a short term question of "when".
$8970.69 and $9726.74 being the next fibonacci resistances.
The new upper golden ratio of $12,930.11 is the lower top of a possible bull market.
In the scenario of a fake-out we can assume the market to have low volume activity during the coming days.
I will post another analysis with a bear scenario in case of a bull trap.
Long term:
Bitcoin and blockchain sentiment uncertain but seemingly improving.
Altcoin prices starting to warm up from the crypto winter faster than expected as an indirect result.
A bullish pattern to the next lower top is a short term question of "when".
Nota
bear scenario: chart/BTCUSD/NEdyD45X-Fake-out-bear-trap-scenario/Nota
Ladies and Gentlemen, We have found a strong resistance.
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.