Hello Guys.
I'm gonna Just Simply Show you what the big picture is on Bitcoin Market.
As you can see BTC rallied from 3000 to around 14000 in a parabolic move.
then it made a double top and is currently trading around below 10000$.
Now as you can see on the chart we have 3 supports and 1 resistance.
the 8500-8800 range in our main daily support that we can expect a bounce from there.
if we break below that line things get a bit messier and maybe we can hope that GOLDEN SUPPORT holds and this correction comes to an end there.
so now we know where to look for a bounce and support and we can act accordingly.
have a good trading week.
Peace.
Join our Telegram channel : https://telegram.me/silkroadfa
I'm gonna Just Simply Show you what the big picture is on Bitcoin Market.
As you can see BTC rallied from 3000 to around 14000 in a parabolic move.
then it made a double top and is currently trading around below 10000$.
Now as you can see on the chart we have 3 supports and 1 resistance.
the 8500-8800 range in our main daily support that we can expect a bounce from there.
if we break below that line things get a bit messier and maybe we can hope that GOLDEN SUPPORT holds and this correction comes to an end there.
so now we know where to look for a bounce and support and we can act accordingly.
have a good trading week.
Peace.
Join our Telegram channel : https://telegram.me/silkroadfa