Hello fellow traders , The price of bitcoin in compressing and the market is still indecisive. Hence I would expect this trend line to hold . But in case if they’re broken, The price can continue. In the next few hours I expect to see lower prices. But considering the bigger picture I would still like to see the Imbalances from the previous fall to be filled ....
Hello there again, I tend to believe that on smaller time frame a channel with a slope bottom and flat top is forming which wouldn’t live long in my humble opinion . A couple of tops and bottoms and if it breaks through . We may see a rally towards the upside. The our first primary resistance is 27200-300 after that we may see the imbalances of the price being...
Hello fellow traders, After a breakthrough of this ancient triangle . I expected a exponential move upward. Which happened . But we’re not quite there yet in my humble opinion. It looks like a retest of the triangle . The price is more likely to go up from here hence I’d be cautious to short bitcoin as long as this trend line is not broken. Wish you all a...