Checking back in with BItcoin since the halvening and it seems the $9000 Area has been locked in for a while without much volatility. If you check out our previous BTC charts not much has changed just yet. We do see these Bollinger Bands getting very tight so we're expecting a move soon, just can't tell if it will be up or down. What we don't like here is that it looks like BTC is waiting for the upcoming Wallstreet earnings season. If this is the case, then once again we see crypto having a correlation with
the market. When there is uncertainty in the market, people tend to move money away from risky stocks and securities, BTC should still be no different, at least for now.
Targets we're looking at depending on which way we pop:
Bearish Targets for now:
1. $8530
2. $7698
3. $6850
Bullish Targets for now:
1. $9,611
2. $10,048
3. $11,427
At the moment, we're still bearish until proven otherwise. We would love to see a Bullish pop, but earnings aren't expected to be great, PPP loans and stimulus funds are expiring, Coronavirus cases are increasing, and BTC has yet to break upwards out of our Blue Resistance line that has held since June 2019. This can easily change with a vaccine succes, new stimulus package, etc. But until then we stay the course with the information at hand.
Give us a follow and shoot us a Like for more analysis updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
the market. When there is uncertainty in the market, people tend to move money away from risky stocks and securities, BTC should still be no different, at least for now.
Targets we're looking at depending on which way we pop:
Bearish Targets for now:
1. $8530
2. $7698
3. $6850
Bullish Targets for now:
1. $9,611
2. $10,048
3. $11,427
At the moment, we're still bearish until proven otherwise. We would love to see a Bullish pop, but earnings aren't expected to be great, PPP loans and stimulus funds are expiring, Coronavirus cases are increasing, and BTC has yet to break upwards out of our Blue Resistance line that has held since June 2019. This can easily change with a vaccine succes, new stimulus package, etc. But until then we stay the course with the information at hand.
Give us a follow and shoot us a Like for more analysis updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Note
BTC flirting with the upper resistance line, waiting for a breakout confirmation. ETHUSD already broke its resistance. Waiting to see if BTC follows
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.