Bitcoin is currently on a confirmed bearish trend as it made an M formation with a support of about $67 000 and resistance of about $71 900, this is a confirmed bearish trend because it broke through the support and retested however, it still has not reached the lowest point of the last bullish start point which was $56 591 so that is the point where it is...
Bitcoin looks like its heading for a support of $56 300, dont be afraid to keep buying the coin though as it showed potential of going up in the last weeks when it was triggereing the all time high of $71 000. It is simply giving investors a chance go maximise their profits because next time it shoots up to $70 000 it might go past the ATH going even over $80 000,...
Bitcoin looks like its gonna go all the way up, wont go into detail as this is a long term setup however, be prepared for retracements as it looks like it has a great potential of falling maybe under $65 000, long term analysis has a clear indication of a bullish trend however I personally dont advice people to trade but to buy and hold coins as risk is more...
Bitcoin looks like its gonna go all the way up, wont go into detail as this is a long term setup however, be prepared for retracements as it looks like it has a great potential of falling maybe under $65 000, long term analysis has a clear indication of a bullish trend however I personally dont advice people to trade but to buy and hold coins as risk is more...
Dax long term analysis
Currently price is at resistance
We either sell or buy if it breaks out but for now we sell and put a stoploss because it did not breakout yet
The market is currently at the resistance giving us a chance to sell, however you can use your stoploss as a breakout or a chance to enter your buy positions but for now we are SELLING , Use my bearish position to guide you, add more sell positions under my rectangle at entry
At this point any kind of confirmation would be reliable, either a break of that uptrend, a break of that consolidating or a general change in direction which can be seen by different candles, e.g doji, hammer or bullish engulfing.
