Hi Guy's
Yesterday, right after announcing the purchase of the market, it had a good climb.
Tonight, the movement of bitcoin will be determined and we will update it to continue its path.
If you have noticed, after a bitcoin chart correction at 7 am, Bitcoin pullback a broken resistance at 47,400.
This is a good sign to continue the climb and the break of the important 49k resistance, if it is confirmed tonight, we will continue with confidence, otherwise, according to the correction chart, we will have 46222 and finally 44400, which is unlikely at the moment and we have to see where the daily close is tonight.
Yesterday, right after announcing the purchase of the market, it had a good climb.
Tonight, the movement of bitcoin will be determined and we will update it to continue its path.
If you have noticed, after a bitcoin chart correction at 7 am, Bitcoin pullback a broken resistance at 47,400.
This is a good sign to continue the climb and the break of the important 49k resistance, if it is confirmed tonight, we will continue with confidence, otherwise, according to the correction chart, we will have 46222 and finally 44400, which is unlikely at the moment and we have to see where the daily close is tonight.
Note
Bitcoin is playing on the support line and this is not good at all.Hold your shorts position and do not open a new position, especially on the ALTCOINS.
Note
As you can see in the analysis, Bitcoin could not break the resistance of 49k, so we have to wait for Bitcoin to fall between 43400 and 42200.Trade closed: target reached
Bitcoin hit the chart's downward target.Stay tuned for a new analysis of the bitcoin trend.
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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.