#BITCOIN PRICES IN RISING CHANNEL
I expect #bitcoin to continue to move in the channel given as blue rising channel on the chart. ADX, which is one of the indicators, is below of 20. That's why, the possibility of a strong trend(rising or falling) for bitcoin is low. However, this indicator will also start to rise again.
You can follow falling black trend lines to determine resistence levels. For the short term, as long as the price is below these falling black trend lines, there isn't any nessecity to hurry up for buying.
Supports : 7300, 7150, 7000, 6850, 6550
Resistences: 7450, 7650, 7800, 8150, 8400
You can follow me also on twitter
You can follow falling black trend lines to determine resistence levels. For the short term, as long as the price is below these falling black trend lines, there isn't any nessecity to hurry up for buying.
Supports : 7300, 7150, 7000, 6850, 6550
Resistences: 7450, 7650, 7800, 8150, 8400
You can follow me also on twitter
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.