Here's what we can expect next for Bitcoin
Hey folks,
The aim of this analysis is to provide you a daily snapshot on the price action of Bitcoin . (buyer vs. seller sentiment)
I will also be uploading a YouTube video shortly to go through my analysis in greater details.(link below)
Summary of latest BTC price action:
Stay safe and invest wisely my friends!
**Please note that this is my personal opinion and does not constitute as financial advice.
The aim of this analysis is to provide you a daily snapshot on the price action of Bitcoin . (buyer vs. seller sentiment)
I will also be uploading a YouTube video shortly to go through my analysis in greater details.(link below)
Summary of latest BTC price action:
- Hourly downwards pressure remains in control. Current price is reacting to 0.786 FIB retracement level, which will likely form lower high.
- If that happens price is likely going to retest 46700 level, with high probability of successful breakout. *Key here is to lookout for false breakout scenario which might signifies Seller Exhaustion.
- As Daily swing pattern remains positive, a high probability buy opportunity is likely to present itself at 45722 level. *To be careful of sharp drop due to retail FUD. Only looking to enter after price stabilized
Stay safe and invest wisely my friends!
**Please note that this is my personal opinion and does not constitute as financial advice.
YouTube Channel: TraderDex
Related publications
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.