Hi guys happy trading day today's chart will be explaining BITCOIN next move after yesterday's strong bearish push to the down side. Alot of people are panic about what is going on Bitcoin and here are some of my opinion
1)Bitcoin had a very strong push to the down side as on daily chart we can see a bearish divergence formed and for technical analysis trader or institutions they will start to dump their Bitcoin to buy at a lower price.
2) For now RSI for BITCOIN chart had touched oversold area and I am sure that Bitcoin will have a pullback before another bear push to the down side .
3) In our chart we can see that key level of 63509 meet our key level and fibo 50% hence is a sign for us retail traders to enter the market is Bitcoin tend to be continue bearish
4) Our target level for Bitcoin if is continue to be bearish will be around 58K
If you guys enjoy my content please help like and comment on my sharing . Thank you guys , HAPPY TRADING DAY CHEERS!!
1)Bitcoin had a very strong push to the down side as on daily chart we can see a bearish divergence formed and for technical analysis trader or institutions they will start to dump their Bitcoin to buy at a lower price.
2) For now RSI for BITCOIN chart had touched oversold area and I am sure that Bitcoin will have a pullback before another bear push to the down side .
3) In our chart we can see that key level of 63509 meet our key level and fibo 50% hence is a sign for us retail traders to enter the market is Bitcoin tend to be continue bearish
4) Our target level for Bitcoin if is continue to be bearish will be around 58K
If you guys enjoy my content please help like and comment on my sharing . Thank you guys , HAPPY TRADING DAY CHEERS!!