We're getting close to some supports. I don't see Bitcoin just rushing below with stopping first or bouncing. If the log trendline and ~7600 support area doesn't hold, next level I see is 6900-7200 area which is also supported by the linear trendline (since July), here: Going to have to pay attention if we get close to these lines. +++ I am not a financial...
Hi guys! It seems we had a false breakout. We did not have enough volume to push the price higher. Reversed hammer/shooting star is forming = strong reversal sign. Closing below mid-term downtrend daily means we are still bearish. First target is 9.3k, our previous low.
i am just a learner, please correct me if i am wrong. this idea is just for educational purpose. do your own analysis before investing.
Hey y'all! This is my first TA! Bullish Bitcoin! enjoy :)
The question is: What is a good entry point? Wait until Bitcoin pulls back or consolidates and breaks out. Right now it is in no man's land. If it goes up you make a little, but it if goes down you lose a lot. Wait for a better risk to reward opportunity. On this Hourly chart, Bitcoin has already broken out from it's flagpole at 3260, and Bitcoin continues is...