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BTC In A New Consolation Zone
Bitcoin
BTC In A New Consolation Zone
CryptoTennille tarafından
Takip Et
Takip Et
26 Eki 2020
5
1
1
26 Eki 2020
BTC is in a new area of consolidation testing $13,300 twice over the last 5 days.
At this stage I am still bullish for a few reasons:
Dominance is still going strong at 61.1 % (Thank you paypal)
We are in a zone where we haven't seen solid closes over the $12,900 mark since 2017, BTC is now creating new market structure.
The wicks to the downside indicate that buyers are in control, not allowing price to break that support level.
Over the next week we could see an impulse move up. if we break the resistance at $13,300 I would expect a rally to the $13,800 region
In bearish news my demand level is under the $12,000 always be prepared for a violent move down after big impulse moves to the upside.
Set your stops and take your profits
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CryptoTennille
Takip Et
Feragatname
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