Bitcoin new ATH or new dip?
Bitcoin weekend update.đź””
We are still moving in ascending channel. Two options which I see for today I mentioned on the chart. Our main goal, not to drop out of lower channel line, in this case I suppose we will go deeper to test 52-55K support area. On daily chart volume is decreasing, which is not very good sign + current daily candle does not look good at all.
To go to the new ATH we need to flip S/R are on 60K, then the road will be open.
P.S.
It is my personal opinion. I am not financial adviser. DYOR.
Have a nice day!!!
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Thanks to your likes, I understand how many people rated my review positively. Thank you very much and thank the sympathetic commentators for understanding. I spend my personal time monitoring the market situation and share my opinion with you openly. I ask you to take this point into account and treats with understanding.
We are still moving in ascending channel. Two options which I see for today I mentioned on the chart. Our main goal, not to drop out of lower channel line, in this case I suppose we will go deeper to test 52-55K support area. On daily chart volume is decreasing, which is not very good sign + current daily candle does not look good at all.
To go to the new ATH we need to flip S/R are on 60K, then the road will be open.
P.S.
It is my personal opinion. I am not financial adviser. DYOR.
Have a nice day!!!
If you like my reviews and it help you to understand the current market situation, subscribe to the channel, like and follow the updates of ideas that are not trade recommendations.
Thanks to your likes, I understand how many people rated my review positively. Thank you very much and thank the sympathetic commentators for understanding. I spend my personal time monitoring the market situation and share my opinion with you openly. I ask you to take this point into account and treats with understanding.
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