Whats up traders,
Before I give my analysis I want to thank you guys for all the likes, comments, and follows. This is our 50th post on Trading View, and trust me we will not be going anywhere any time soon. Expect more from us in the future! -LobFXEmpire
If you been trading Bitcoin you know its been going up in value a TON, but what goes up MUST come down! If you're like me your going to try to catch the bulls and the bears! I'm seeing price retest a key area and going down to about 11700-11600, or even the daily support I have plotted. The daily candlestick closed while price was attempting to make a move towards the bears, and then obviously opened a new candlestick an started to rise, but its most likely a fake out. Just a thought, what do you guys think?
P.s. I also spotted a head and shoulder on the 4HR TF indicating downward movement
Before I give my analysis I want to thank you guys for all the likes, comments, and follows. This is our 50th post on Trading View, and trust me we will not be going anywhere any time soon. Expect more from us in the future! -LobFXEmpire
If you been trading Bitcoin you know its been going up in value a TON, but what goes up MUST come down! If you're like me your going to try to catch the bulls and the bears! I'm seeing price retest a key area and going down to about 11700-11600, or even the daily support I have plotted. The daily candlestick closed while price was attempting to make a move towards the bears, and then obviously opened a new candlestick an started to rise, but its most likely a fake out. Just a thought, what do you guys think?
P.s. I also spotted a head and shoulder on the 4HR TF indicating downward movement
Note
Looks as if everything I expected to happen is unfolding guys! You should have gotten a great entry point for the bulls that are about to come to bitcoin.
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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.
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.