Bitcoin Zone of 2019
Bitcoin, where everything started for Cryptocurrency.
After the major Bull Market of 2017 , followed by 2018's Bear Market we have finally found some ground of support around the 4000$ region.
After brainstorming on the crypto market for 2019 i have come to the conclusion that Bitcoin has a good chance to stay in consolidation between 4000-8000$.
This is crucial to know wenn you are planning on buying bitcoin/ bought already.
If so congratulations on buying the low!
So onto the analysis.
We have to keep any of the highlighted levels in consideration, first we have the dynamic grey zone that price has gone into and will now touch the high of the dynamic resistance.
(that acts as a reversal zone)
on the daily and weekly timeframe , we want price to retest 4000$ , break the grey dynamic resistance before heading higher and reaching the other highlighted area's.
Everything will become clear if you check this chart from time to time.
Ideal chart for swing trading BTCUSD.
Any of the highlighted areas are critical levels!
After the major Bull Market of 2017 , followed by 2018's Bear Market we have finally found some ground of support around the 4000$ region.
After brainstorming on the crypto market for 2019 i have come to the conclusion that Bitcoin has a good chance to stay in consolidation between 4000-8000$.
This is crucial to know wenn you are planning on buying bitcoin/ bought already.
If so congratulations on buying the low!
So onto the analysis.
We have to keep any of the highlighted levels in consideration, first we have the dynamic grey zone that price has gone into and will now touch the high of the dynamic resistance.
(that acts as a reversal zone)
on the daily and weekly timeframe , we want price to retest 4000$ , break the grey dynamic resistance before heading higher and reaching the other highlighted area's.
Everything will become clear if you check this chart from time to time.
Ideal chart for swing trading BTCUSD.
Any of the highlighted areas are critical levels!
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