Those who got under influence of the yesterday mini pump, the blame is on you. Although the candles slightly touched the resistance line, it didn't show any more signs of strength. Buckle up, with help of indicators and cold-thinking I can make an easy conclusion: It's not done going done. The base support zone is about 29-30k.
The current situation doesn't change, here is a look at a smaller frame. As seen on the chart the resistance zone is strong, we are experiencing a weak retest as of right now. If you compare the way the indicators move, it's easy to make a summary that the price will experience a drop soon. Just a matter of today, maybe tommorrow. Stay safe, don't let the tempting...
The bitcoin price as of today is trying to find it's way up. Will it? Maybe, like 3% up. It's a bulltrap. If you are sure about your trend lines in "x" scale, check it in the bigger one. In this case we see that the breaking of the resistance zone is unlikely to happen. Wait it out, short it out, whatever. But don't believe the "pump bros".
Not a financial...
Hi,
As seen in the chart above today's up movement created a strong possibility of changing the trend to an upscending one.
IF the line "A" is crossed once more, we will see the change of trend.
This is not a financial advice, just an observation
have a great day!
