Same story as ETH', chance for a potential short term low. The setup is once again there, just like Sunday. But this time the setup is better than Sunday. There is already a higher low in place, only thing needed is a higher high. Whatever happens, that blue curved circle needs to hold, because that shows the potential bullish momentum. The breakout needs to be convincing with a good rally (like the blue line) because otherwise it will most probably fail. We have had these setups more often the past months and usually they fail. So i would not get too excited, because this market has been extremely weak so far. Those days that bulls show real power and force almost belong to the past.
For the ones who got in at the lows, play it wisely and don't let hope play a part in your decision making.
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Previous analysis:
For the ones who got in at the lows, play it wisely and don't let hope play a part in your decision making.
Please don't forget to like if you appreciate this :)
Previous analysis:
Note
Broke the resistance, but only a small break. So for the time being, have to assume the red line might be in play. Bitcoin is against heavy resistance, if that breaks we will probably see a rally happening. But so far still resistance. If another move up happens, needs to be big and high volume!Note
Nice rally so far, don't let greed take over now. Already 30% from the low. Bitcoin is being pushed down, so there is some risk at the moment. We could drop towards 33/32 to make a right shoulder possibly.
Note
A break of 84.4/5 is probably a bad sign already
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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.