BTC update on the 12h TF 21.08.22
Over the last 24 hours, the coin lost 9% of its market value as it broke below the trendline of ascending channel I shared in my last idea.
BTC is consolidating on the horizontal support and we are noticing some bullish price action on the LTF.
BTC is still holding the support of the $20.800 level perfectly so far which is a good sign.
As long as BTC holds this support we can expect a good bounce.
A fall from the current price level will drag Bitcoin price to $20,200 but a move to $19,000 which could be just a matter of time.
There is not much movement on the weekend so possibly we see a good movement on Monday.
Let's see how we got this weekly closes and how the price reacts on Monday's opening.
Resistances for BTC are at $21.800 and $22.500 levels.
#Hopium
Hash Ribbon produced a Buy Signal - it's been a year since the last buy signal appeared 😳
Let's see how this Buy Signal plays this time!
BTC is consolidating on the horizontal support and we are noticing some bullish price action on the LTF.
BTC is still holding the support of the $20.800 level perfectly so far which is a good sign.
As long as BTC holds this support we can expect a good bounce.
A fall from the current price level will drag Bitcoin price to $20,200 but a move to $19,000 which could be just a matter of time.
There is not much movement on the weekend so possibly we see a good movement on Monday.
Let's see how we got this weekly closes and how the price reacts on Monday's opening.
Resistances for BTC are at $21.800 and $22.500 levels.
#Hopium
Hash Ribbon produced a Buy Signal - it's been a year since the last buy signal appeared 😳
Let's see how this Buy Signal plays this time!
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