Bitcoin at 6.500-6.600 neckline!
Updated
Hello guys, hope you're doing fine! :)
Bitcoin is at the important neckline of 6.500-6.600, a break to the upside could signal some upward movement forming a lower High on the Daily, compared to the previous highs at 8.500.
If we cannot break the neckline, or if we fake-out, of course we have to be looking at the break of 5.800 to the downside, which will be critical.
I wish you a wonderful weekend, and no matter what you do: set your stop loss!
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Bitcoin is at the important neckline of 6.500-6.600, a break to the upside could signal some upward movement forming a lower High on the Daily, compared to the previous highs at 8.500.
If we cannot break the neckline, or if we fake-out, of course we have to be looking at the break of 5.800 to the downside, which will be critical.
I wish you a wonderful weekend, and no matter what you do: set your stop loss!
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Note
Nothing has changed guys on the setup, we're getting tighter and tighter to the break in one or the other direction.
Disclaimer
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.