Hello Guys,
Before I get dipper into my analysis I just want to say that I believe we are in a bull market and I am BITCOIN believer & HODLER. However, we might be dealing with a corrective wave and be in a small bearish trend, but let me explain it.
In my previous
BTCUSDT analysis I was very bearish, but since then we had a bounce back that invalidated my analysis. Now we had another drop that my indicate continuation of a downtrend... or does it?
You see on 4h chart we have a sign of small bullish momentum building. From this point, we can truly go either direction (down or up) this is why I suggest staying away from trading BTC until we get a clearer picture.
I have identify current support/resistance levels.
Breaching $12,000+ range could start another move up
Breaching $10,800 range could start another move down
I personally stay way from trading BTC at the moment, and I am waiting for a confirmation from either side.
Before I get dipper into my analysis I just want to say that I believe we are in a bull market and I am BITCOIN believer & HODLER. However, we might be dealing with a corrective wave and be in a small bearish trend, but let me explain it.
In my previous
BTCUSDT analysis I was very bearish, but since then we had a bounce back that invalidated my analysis. Now we had another drop that my indicate continuation of a downtrend... or does it?You see on 4h chart we have a sign of small bullish momentum building. From this point, we can truly go either direction (down or up) this is why I suggest staying away from trading BTC until we get a clearer picture.
I have identify current support/resistance levels.
Breaching $12,000+ range could start another move up
Breaching $10,800 range could start another move down
I personally stay way from trading BTC at the moment, and I am waiting for a confirmation from either side.
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.