Hi all,
My thoughts on Bitcoin for the next couple of days.
After a deadcat bounce we have two possible situations: bearish contuination or a bullish swing.
If Bitcoin fails to break the resistance market in blue, a 2nd deadcat bounce is possible. The fear in the market is strong and there isn't enough buying volume on the bitfinex or bitmex.
If we do bounce here, with a possibility it will double bottom on the 8500 level, we could see a bullish move back to 9k. The bounce back to 9k would make a nice cup form, indicating that a cup and handle could form.
I surely hope it bounces of the 8500 but I am far from certain.
Keep your stop losses tight!
*Not financial advice and for educational purposes only.
My thoughts on Bitcoin for the next couple of days.
After a deadcat bounce we have two possible situations: bearish contuination or a bullish swing.
If Bitcoin fails to break the resistance market in blue, a 2nd deadcat bounce is possible. The fear in the market is strong and there isn't enough buying volume on the bitfinex or bitmex.
If we do bounce here, with a possibility it will double bottom on the 8500 level, we could see a bullish move back to 9k. The bounce back to 9k would make a nice cup form, indicating that a cup and handle could form.
I surely hope it bounces of the 8500 but I am far from certain.
Keep your stop losses tight!
*Not financial advice and for educational purposes only.
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.