abdullatrader

Bitcoin Analysis - Consolidation Mode

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi traders,

I hope you're having a great weekend. Here is Bitcoin analysis - keep an eye on critical demand and supply levels shown in the chart.
Breakout from $6750 will take us to $7500 - $8000 levels again.

Please keep in mind that I don't trade Bitcoin , and prefer to trade altcoins only as they tend to give high profitability (% wise) then Bitcoin . However, understanding and analyzing Bitcoin movement is essential as its the market mover for most altcoins.



Best of luck,
Abdulla
Jun 16
Comment:
Jun 16
Comment: Next key resistance is the trading range supply zone (top area)

Jun 16
Comment:
Jun 17
Comment:
Bitcoin is creating a small trading range - a breakout will take us to higher numbers.
Jun 17
Comment:
Jun 18
Comment: New updates will be posted here:
All charts posted are for educational purposes only - I don't sell signals or give any courses. Enjoy :)!

Comments

Thank you Abdullah :-) Great that you share your ideas.
+1 Reply
@MariyaS, Your kind words are much appreciated, thank you :)
+1 Reply
Yes BTC is important to determine the flow side of altcoins . Thanks for sharing your Idea. I am also agree with you about break out of 6750.
+1 Reply
@StephMoen, Thank you, have a great day!
Reply
I am wagering we are heading down...

Reply
We also noticed this channel forming, if we stay above $6,400 we will be golden

Reply
Prices are lower? $5600 (BTC)!
Reply
@yahova, goodluck
Reply
yahova abdullatrader
@abdullatrader, Question: Does Bitcoin Price Crash? /
Is lower?
Reply
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