The BTC1! market is very volatile and have for the last 12 months seen some important fluctuations.
Today we can analyse probabilities for the price movements.
We can see that the red top line is a strong resistance and pullback down zone.
We can see a top red dotted line representing the probable highest possible price at the moment. Another bottom orange dotted line showing the potential minimum price.
A repetition in price action has been observed, illustrated by the two blue uptrend lines.
Now the Bitcoin Future has entered into am horizontal ranging zone. The lower blue dotted line being the most probable actual support line. If broken the market could go further down.
$10,000 is a psychological price line and we have seen huge volumes of buyers being countered by even bigger volumes of sellers.
Beware, buyers could be trapped and squeezed out when entering long at $10,000.
For the moment, we believe a short entry opportunity at around $10,000 and possibility of gapes down after weekends.
We see more and more people happy taking positions and decisions through our analysis.That's great!
Please beware about this DISCLAIMER: this trading idea and all others published here or on any social network, editorial, media and press, can change at anytime without any notice. Trading is risky and losses or profits are the results of your own decisions and not the result of this analysis. Trading assets on financial markets is very risky and this analysis is to provide another point of view.