Analysis on #BITCOIN
Hello friends.
The longer BTC stays at this level without rallying up the higher the chance will see another sell attack.
As you can see the resistance level is getting lower and lower and need to see the bitcoin building above 37000 soon.
if we close above 37000 with a momentum we might see a test to 40000 again which is another trendline resistance, also if this happens it will mean we are above the 100MA & 200MA on the hourly time frame.
If the market keeps rolling in this zone guys this does look good and many who bought at this level will lose interest and sell their holding, of course, if you are a long-term investor you don't care about all that.
if this setup delivered value to you, like and comment
Check today analysis below⠀
>>It’s not what we do once in a while that shapes our lives. It’s what we do consistently.
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Hello friends.
The longer BTC stays at this level without rallying up the higher the chance will see another sell attack.
As you can see the resistance level is getting lower and lower and need to see the bitcoin building above 37000 soon.
if we close above 37000 with a momentum we might see a test to 40000 again which is another trendline resistance, also if this happens it will mean we are above the 100MA & 200MA on the hourly time frame.
If the market keeps rolling in this zone guys this does look good and many who bought at this level will lose interest and sell their holding, of course, if you are a long-term investor you don't care about all that.
if this setup delivered value to you, like and comment
Check today analysis below⠀
>>It’s not what we do once in a while that shapes our lives. It’s what we do consistently.
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
