Bitcoin failing to continue the ride
Updated
Hi everyone,
Bitcoin seems to be in a no trade zone, unless you like margin trading. The signature volume of the last 2 red moves is significant, so we should keep this into account and doubt about higher moves. At least doubt about it.
The cloud has been working as a support, but as you can see the price went below the cloud and will find resistance above. Therefore, price could try a push up, but it is likely to find resistance around 8300. Another fail there might take the price to the 7500-7300 area.
Thanks for reading, any comment is more than welcome.
Bitcoin seems to be in a no trade zone, unless you like margin trading. The signature volume of the last 2 red moves is significant, so we should keep this into account and doubt about higher moves. At least doubt about it.
The cloud has been working as a support, but as you can see the price went below the cloud and will find resistance above. Therefore, price could try a push up, but it is likely to find resistance around 8300. Another fail there might take the price to the 7500-7300 area.
Thanks for reading, any comment is more than welcome.
Trade closed: target reached
Can dip more. However, price touched the expected area
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