Bitcoin NEUTRAL in a SIDEWAYS RANGE 1 HR Chart
#Bitcoin #Ethereum #Litecoin
Hello to all watcing my charts.
Today i will have a new look to some of my older charts
from last week in Bitcoin which i brought to you here
and have added the last news.
So what has happens:
Bitcoin traded out of my shortchannel (the blue channel)
but never reached my LONG target (blue Arow)
Please notice that in these bumpy crypto you have to add
always a little bit in trading above a resistance
or trading below a support
Here the last high (black line with arrow ) has been at 10955
and Bitcoin reached 11025 but thats only 0.7% above.
If that would be same datas in DAX or DOW future it should
show us a trendchange. But not here 0.7% is not enough.
But i had draw my Blue Arrow at range 11025 -11200
that shows us the price range where trading of Bitcoin
should have reached, but hasnt.
So after that shorttime with higher prices we did see a little
"doube resistance" at 11000 aerea and than Bitcoin broke
down again.
Crossed below support 10400 (black arrow line)
and also crossed support 9920 (blue arrow line)
But right now , and thats the reason i do tell you this today
Bitcoin stopped the breaking of supports and fighted
back to climb above the last Support crash at 9950
(My Blue horizontal Arrow you remember)
So for now:
Bitcoin is trading in these range:
Low
9200 and
High
11200
A break of one of these levels (remember to add or to suptract 0.7% minimum !)
= 9100 / 11300
will show us the next direction.
In my oppinion its a clear 50/50 chance and i do not prefer
one of the side - bull or bears - at the moment.
Be patient here its my suggestion.
Good trades
If you want to support my work and my charts, please like them
Renkotrade
Hello to all watcing my charts.
Today i will have a new look to some of my older charts
from last week in Bitcoin which i brought to you here
and have added the last news.
So what has happens:
Bitcoin traded out of my shortchannel (the blue channel)
but never reached my LONG target (blue Arow)
Please notice that in these bumpy crypto you have to add
always a little bit in trading above a resistance
or trading below a support
Here the last high (black line with arrow ) has been at 10955
and Bitcoin reached 11025 but thats only 0.7% above.
If that would be same datas in DAX or DOW future it should
show us a trendchange. But not here 0.7% is not enough.
But i had draw my Blue Arrow at range 11025 -11200
that shows us the price range where trading of Bitcoin
should have reached, but hasnt.
So after that shorttime with higher prices we did see a little
"doube resistance" at 11000 aerea and than Bitcoin broke
down again.
Crossed below support 10400 (black arrow line)
and also crossed support 9920 (blue arrow line)
But right now , and thats the reason i do tell you this today
Bitcoin stopped the breaking of supports and fighted
back to climb above the last Support crash at 9950
(My Blue horizontal Arrow you remember)
So for now:
Bitcoin is trading in these range:
Low
9200 and
High
11200
A break of one of these levels (remember to add or to suptract 0.7% minimum !)
= 9100 / 11300
will show us the next direction.
In my oppinion its a clear 50/50 chance and i do not prefer
one of the side - bull or bears - at the moment.
Be patient here its my suggestion.
Good trades
If you want to support my work and my charts, please like them
Renkotrade
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