Still waiting for BITCOIN's breakout!
Short analysis, continuing the previous one (go check it! :) )
We successfully broke the 5100$ resistance and then strongly retraced, but the support holded good.
By the way, another pattern is in play now, and we have two days before a big move.
We don't think this big move will occurr on sunday, even if we are constantly approaching the resistance.
If it happens on Sunday, probably there will be a continuation on Monday.. If this happens on Monday/Tuesday, the result willl be bigger.
In case we break downwards, we can dump till 4800$/4700 before finding good support.
Trade safely, and drop a comment! :)
We successfully broke the 5100$ resistance and then strongly retraced, but the support holded good.
By the way, another pattern is in play now, and we have two days before a big move.
We don't think this big move will occurr on sunday, even if we are constantly approaching the resistance.
If it happens on Sunday, probably there will be a continuation on Monday.. If this happens on Monday/Tuesday, the result willl be bigger.
In case we break downwards, we can dump till 4800$/4700 before finding good support.
Trade safely, and drop a comment! :)
Related publications
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.