Bitcoin - another down move before the new ATH
Dear investors and followers,
welcome to today's Bitcoin market update!
The Bitcoin price is within short term up movement. The current up move looks not really strong (RSI, MACD & volume confirming this) and I expect another
down move at latest after touching the 54500 $ area which is a nice short entry for sellers but we are looking in this analysis
for a another nice long term buy in and this is located at 51.000 $ after market confirmed this area as support (close of at least one 4 hour candle above 50900)
Many expect another strong down move to 38.000 - 40.000 $ area but this comes only true after market closed on daily chart
under 48000 $ area. Otherwise on daily and weekly chart a higher low has been confirmed which is a strong buy signal.
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Please hit the like button if you share or like this idea.
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Thanks for your support!
welcome to today's Bitcoin market update!
The Bitcoin price is within short term up movement. The current up move looks not really strong (RSI, MACD & volume confirming this) and I expect another
down move at latest after touching the 54500 $ area which is a nice short entry for sellers but we are looking in this analysis
for a another nice long term buy in and this is located at 51.000 $ after market confirmed this area as support (close of at least one 4 hour candle above 50900)
Many expect another strong down move to 38.000 - 40.000 $ area but this comes only true after market closed on daily chart
under 48000 $ area. Otherwise on daily and weekly chart a higher low has been confirmed which is a strong buy signal.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support!
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
