BITCOIN UPDATE!
Folks,
Update about Bitcoin..
When we deny a head and shoulders pattern to be completed than we can suggest the market is bullish.. That's nice.
Except note that the volume is decline since 26th of July. So every impulse move we make comes with lesser volume.
We see bitcoin struggling at 43.5K
Expect price to retest level at $42.-/42.5K.
In the preceding up move you see a correction that correction was 3.45%.
When you make the same amount of correction from the price it is now down you come at the 1st black support line between $42.-/42.5K
In technical trading there is a lot of symmetry so this is definitely possible.
You see the crossing green up trend line.. notice where that line crosses at support at $42.-/42.5K
this line has been tested before!
excuse me for the some what blurry chart but I have to notice these things..
Update about Bitcoin..
When we deny a head and shoulders pattern to be completed than we can suggest the market is bullish.. That's nice.
Except note that the volume is decline since 26th of July. So every impulse move we make comes with lesser volume.
We see bitcoin struggling at 43.5K
Expect price to retest level at $42.-/42.5K.
In the preceding up move you see a correction that correction was 3.45%.
When you make the same amount of correction from the price it is now down you come at the 1st black support line between $42.-/42.5K
In technical trading there is a lot of symmetry so this is definitely possible.
You see the crossing green up trend line.. notice where that line crosses at support at $42.-/42.5K
this line has been tested before!
excuse me for the some what blurry chart but I have to notice these things..
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