Today we are looking at the shorter timeframe than usual. We are starting our analysis on the 1H chart. We can see, that the price moves aggressively as we expect in bitcoin. That shows in a lot of long wicks that are formed on the 1H chart. Bitcoin started the day with a rebound from around 5200$ to about 5300$ and has now slowed down a bit. It has also hit a resistance line, that actually acted like a support fort he highs from yesterday. In the short term, we are expecting a bounce to around the highest levels from the previous trading day.
Feel free to grab a copy of our Free Weekly Market Outlook here:
[url=mailchi.mp/bc78576d6f40/freeweeklymarketoutlook ]mailchi.mp/bc78576d6f40/freeweeklymarketoutlook
We wish you good luck with your trading!
Feel free to grab a copy of our Free Weekly Market Outlook here:
[url=mailchi.mp/bc78576d6f40/freeweeklymarketoutlook ]mailchi.mp/bc78576d6f40/freeweeklymarketoutlook
We wish you good luck with your trading!
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.