The beginning of 2020 and a possible up rally
Updated
I welcome you to today's bitcoin market analysis.
The bitcoin market price is searching for a bottom/consolidation area which could be around 6700 $ if the market doesn't fall and close under this area within the next couple of days. When the market starts to move as drawn in the chart bigger buyers slowly but surely come into the market again.
I see parallels with the market movement between November 18 and March 19 and could imagine a similar market development if the market begin to consolidate as written above.
We will update this idea with entrys, stop loss and take profit prices in our VIP group. Contact us for further information.
The bitcoin market price is searching for a bottom/consolidation area which could be around 6700 $ if the market doesn't fall and close under this area within the next couple of days. When the market starts to move as drawn in the chart bigger buyers slowly but surely come into the market again.
I see parallels with the market movement between November 18 and March 19 and could imagine a similar market development if the market begin to consolidate as written above.
We will update this idea with entrys, stop loss and take profit prices in our VIP group. Contact us for further information.
Note
market reached the drawn down trend line and started down movement.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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