brief TA on bitcoin
Updated
Bitcoin is currently stuck in a tight price channel, red vertical(slant) line represent the resistance, while the green vertical(slant) line represents the support.
A possible breakout should see price go high up to $14,000 while a possible breakdown might see price go as low as $8,000, before any relief.
In crypto-trading bitcoin controls most of the other altcoins especially with correlation being at all time high, hence it dictates the direction which this coins will go.
A possible breakout should see price go high up to $14,000 while a possible breakdown might see price go as low as $8,000, before any relief.
In crypto-trading bitcoin controls most of the other altcoins especially with correlation being at all time high, hence it dictates the direction which this coins will go.
Note
hey guys, we had the break above the 10,800-11,000(we had the breakout scenario play out).... currently, continuation pattern ranging around 11,300-11,400, i expect a move to 12k's before lil retracement. @finville, we are currently long in all our positions, with trailing sl.
Note
we are gradually approaching our grand-take profit(14,000)..
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