Love it or hate it, Bitcoin is a good instrument to trade! The amount of volatility in it makes it so tempting, and for the most part, really predictable via chart patterns!
And here's my take on it. As I'm making this analysis, it is making its way to challenge the 52k level. If it breaks through, then 56k should be next.
If there's strong rejection at 52k level again like what happened a couple of hours ago, then it's like to have a stronger retracement back to 49k level. Remains to be seen!
Disclaimer: Not giving any trading and/ or investment advice. Just sharing my chart observations.
If you have any symbol that you'd like me to analyze, feel free to drop me a comment!
And here's my take on it. As I'm making this analysis, it is making its way to challenge the 52k level. If it breaks through, then 56k should be next.
If there's strong rejection at 52k level again like what happened a couple of hours ago, then it's like to have a stronger retracement back to 49k level. Remains to be seen!
Disclaimer: Not giving any trading and/ or investment advice. Just sharing my chart observations.
If you have any symbol that you'd like me to analyze, feel free to drop me a comment!
Note
Well, looks like rejection came in before hitting 52k.Will look to buy at 49k level, if there's sign of bullishness then
Note
Good retracement back to 49k level at 4H chart as well as touched the 20MA.Onwards and upwards back to 52k, and will reassess again if there will be strong rejection then. If yes, will take profit. If not, then will HODL to 56k.
Note
Strong rejection at 50k! Not unexpected, but I think the bulls will emerge strongerNote
Sellers coming in stronger than expected. If it doesn't turn around and go lower than 48750 level, then this setup is invalidated.Trade closed: stop reached
Sellers are strong!Will revisit if and when it reached 45k level.
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.
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.