Bitcoin daily 19/10/2021
Situation on bitcoin.
Price is very close to ATH. Weekly candle close (with body) above 60k. This level is very important - now is 60k strong support.
Next strong support level is around 57k.
If you check also simply trendlines, you can see that price goes more and more parabolic.
This is good but very dangerous. Crash could come very easily and price can drop down very fast.
What to trade? Currently is not any trade setup on bitcoin. It is better to focus on altcoins and wait for the pause of bitcoin rally and take some alts
Price is very close to ATH. Weekly candle close (with body) above 60k. This level is very important - now is 60k strong support.
Next strong support level is around 57k.
If you check also simply trendlines, you can see that price goes more and more parabolic.
This is good but very dangerous. Crash could come very easily and price can drop down very fast.
What to trade? Currently is not any trade setup on bitcoin. It is better to focus on altcoins and wait for the pause of bitcoin rally and take some alts
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