I expect op to make some analysis and explanation about the chart because the chart represent his mind to where price is going and what may happen after reaching to the spot rather instead of dropping the link. Well I see a support of $56,252 on your chart and price has touched that support but went down to $55,606 few hours ago this morning, but has picked some rise to
$56,775. Is looking like it is not certain where to go from here being weekend, maybe the new week will determine trading area.
Topic: my btc technical view (Read 74 times)
During the down trend its always good to locate the support because that's the level where the price makes a bounce. and yes you're doing right.. If you want to day trade with it i suggest wait until the trend change or wait for break out.. Because at this moment it seems not stable in my personal opinion.
And bitcoin has probably hit the support already or let's wait until Monday and see if there will be another support that it will show. But I think that we have finally hit the support, that's 15% of the dip already that we've got since it has hit the ATH. It didn't end yet and there's so much more to happen within the weekend for which it could be more of the correction that might come. Because we really can't say if it's the support or not yet.
Overall, it's good especially if we will try to test again that support 1 more time and it will not break downward.
During the down trend its always good to locate the support because that's the level where the price makes a bounce. and yes you're doing right.. If you want to day trade with it i suggest wait until the trend change or wait for break out.. Because at this moment it seems not stable in my personal opinion.
https://www.tradingview.com/x/YDfrxgPj/
should help everyone with my chart analysis.
correct me if I'm wrong there.
I found some interesting snd on the H4 timeframe hope it will go like that.
Also, I'm doing research on some other cryptos.
I'll post them later.
should help everyone with my chart analysis.
correct me if I'm wrong there.
I found some interesting snd on the H4 timeframe hope it will go like that.
Also, I'm doing research on some other cryptos.
I'll post them later.
Jump to: