Previously, we have identified a 28k consolidation area where we expect price level to consolidate before a BULLISH continuation. Personally, I feel that this TA analysis is still valid as currently bitcoin price movement is greatly affected by "HYPE" and directionless buyers. This is a short update for our previous call. Moving to our intraday trading opportunity, we can see that there is great BEARISH pressure at 48200 ish price level with a 361.8% fib level there. For now, I am expecting a BEARISH retracement to minimally a retest of our MA although there is a potential 42000-43000ish movement. However, I will keep this trade an intraday trade signal thus as of now this is my TP and SL.
I will like to let you guys know that YGForex will be working towards providing cryptocurrency signal here for all of you guys. I will update daily and share my thoughts on it. This is provided we have opportunities to enter. Do follow our signal at your own risk. Do also keep in mind that we are not providing any professional financial advice.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
I will like to let you guys know that YGForex will be working towards providing cryptocurrency signal here for all of you guys. I will update daily and share my thoughts on it. This is provided we have opportunities to enter. Do follow our signal at your own risk. Do also keep in mind that we are not providing any professional financial advice.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
