Over the last few days the basic trending pattern seems to be for Day Trades / Scalping.
Pattern / Trending: Sideways movement
Profit Range: 5.42% Up & Down
Resistance Level: $4,050
Support Level: $3,840
I believe major movements Up & Down will come from Fundamentals and minor movements will be made from TA. Keep an eye out on news from China for a major buy / sell opportunity or breaks in support and resistance for minor changes.
This a basic analysis not as in depth as others but will help people who are new to trading Crypto and BTC. I like to keep things simple.
Good Trading!
Dan
Pattern / Trending: Sideways movement
Profit Range: 5.42% Up & Down
Resistance Level: $4,050
Support Level: $3,840
I believe major movements Up & Down will come from Fundamentals and minor movements will be made from TA. Keep an eye out on news from China for a major buy / sell opportunity or breaks in support and resistance for minor changes.
This a basic analysis not as in depth as others but will help people who are new to trading Crypto and BTC. I like to keep things simple.
Good Trading!
Dan
Note
Support broken @ $3,840New psychological support $3,800 if breaks could see slip to 3760 ish
Candlestick on 30min chart more than 50% outside lower bollinger band. Possibility to swing up side RSI coming into oversold territory.
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.