In this video I show the absolute worst case scenario for Bitcoin. We DO NOT want to see a DAILY/WEEKLY closing candle below highlighted areas of support shown in video
Bitcoin needs to saty ABOVE the box of Support highlighted in the video A break BELOW the box of support and a daily candle close could mean that we could potentially see the 34k/32k area. safe trading and ALWAYS remember to use a STOP LOSS!!
Bitcoin fell down to the 50 day MA(acting as support). Bitcoin needs to stay ABOVE the 50 day MA to gear up for the next leg of resistance
I highlighted some areas of SUPPORT for Bitcoin/USD index. I also mentioned the daily and weekly moving averages,and what a closing daily or weekly candle above or below the MA would mean for the price of Bitcoin
Bitcoin is testing resistance highlighted in the chart,Bitcoin need to break ABOVE and CLOSE ABOVE the 200 day MA .If Bitcoin can make SUPPORT above the 200 daily MA it will be gearing up for the next significant resistance shown in the video. Happy trading and dont forget to hit the LIKE!!