Greetings Traders this is my analysis for Bitcoin and it is Neutral because it has two ways.
As we can see on the chart Bitcoin had a downtrend movement last week witch has formed a right and left shoulder with a downtrend head.
After that a Downtrend movement it has a continuation and it has formed a triangle.
In this case we can see that the price after that downtrend is preparing for another possible Uptrend Movement.
And that is if it breaks the key level 38k we will see a future uptrend movement.
The second is a Sell Position if it breaks down from 38 k we can open a sell position .
Traders make your own analysis before trading
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As we can see on the chart Bitcoin had a downtrend movement last week witch has formed a right and left shoulder with a downtrend head.
After that a Downtrend movement it has a continuation and it has formed a triangle.
In this case we can see that the price after that downtrend is preparing for another possible Uptrend Movement.
And that is if it breaks the key level 38k we will see a future uptrend movement.
The second is a Sell Position if it breaks down from 38 k we can open a sell position .
Traders make your own analysis before trading
Please leave a Like,Comment and Follow!
Thank you!