Bitcoin - Playing The Middle Game For Now
Updated
It's a time of indecision for Bitcoin. The price is in a short term channel [turquoise lines] for 24 hours now.
The view over the next few days is a zone between $8470 to the upside and $7700 on the bottom. Closing a candle outside of either of these bounds represents a change in the current situation.
A close above 8470 would open the door to $8892 - $9016 where there is heavy resistance to the upside.
A close below 7700 opens a trapdoor and is an invitation to revisit the area of 6514 to 6464 with little support elsewhere on the way down except for the area of $7050.
Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work.
All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac
The view over the next few days is a zone between $8470 to the upside and $7700 on the bottom. Closing a candle outside of either of these bounds represents a change in the current situation.
A close above 8470 would open the door to $8892 - $9016 where there is heavy resistance to the upside.
A close below 7700 opens a trapdoor and is an invitation to revisit the area of 6514 to 6464 with little support elsewhere on the way down except for the area of $7050.
Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work.
All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac
Note
The swing trading zone is bounded by the short term channel [turquoise lines] for short term traders.
Related publications
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.