Morning Traders,
First of all, my apology for not publishing for long time new analysis. But I am back more then ever.
Due to rising strength of USD price, Bitcoin retrace down.
Price break through TL2 but could try to rise to back up to TL2. Be aware of this typical behavior of the price.
Price stop on support of 17667. I am suspect that price will continue to drop if USD will continue to be strong.
But let’s wait and see what will happen with slow price changes.
Vertical red line indicates potential price change direction (up/down). You can take a look on previous indication of vertical lines.
Please like this analysis.
Cheers,
Jim
First of all, my apology for not publishing for long time new analysis. But I am back more then ever.
Due to rising strength of USD price, Bitcoin retrace down.
Price break through TL2 but could try to rise to back up to TL2. Be aware of this typical behavior of the price.
Price stop on support of 17667. I am suspect that price will continue to drop if USD will continue to be strong.
But let’s wait and see what will happen with slow price changes.
Vertical red line indicates potential price change direction (up/down). You can take a look on previous indication of vertical lines.
Please like this analysis.
Cheers,
Jim
Comment:
Any Question? do not hesitated to ask. "Question are steps to knowledge"...
Comment:
I setup alarm on support level 17573. this will be possible short position.
Comment:
Hi, I have added resistance level at 18123. This is momentum resistance.
