BTCUSD UPDATE
In our previous analysis, we made emphasis on the need to watch out for either “bullish divergence” or “actions taken in the accumulation stage of the coin market” before choosing to buy the coin.
Unfortunately, bullish divergence didn’t form on the chart.
That situation gives us reasons to gaze our eye at the accumulation stage of the coin market.
Likewise, it excited and motivated the bears to push for reversal at the resistance level (40k) of the coin accumulation stage.
We’re glad to see that development resonating with our previous recommendations.
So,what should you do now?
Kindly anticipate either for the :
1. Retest the $30,000 - $32,000 support area or :
2. Touch of the moving average on the monthly chart @ $23,300
Enjoy your day
Unfortunately, bullish divergence didn’t form on the chart.
That situation gives us reasons to gaze our eye at the accumulation stage of the coin market.
Likewise, it excited and motivated the bears to push for reversal at the resistance level (40k) of the coin accumulation stage.
We’re glad to see that development resonating with our previous recommendations.
So,what should you do now?
Kindly anticipate either for the :
1. Retest the $30,000 - $32,000 support area or :
2. Touch of the moving average on the monthly chart @ $23,300
Enjoy your day
Penafian
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