Hello guys,
Since bitcoin price couldn't make it through MA 50 at daily chart. Next move of it probably will be down to the MA 20. There will be a buying opportunity for us. I know most of you guys think that bitcoin price will increase because today's candle was a fat green one but you should look at the resistance lines at the daily chart. Today's candle couldn't go higher than first resistance line and for me it is a confirmation for lower prices since it already became lower from $8400. I would like to see that bitcoin going higher and higher like most of you guys but it is trading and we shouldn't be emotional.
As i always said, Trade SAFE
Since bitcoin price couldn't make it through MA 50 at daily chart. Next move of it probably will be down to the MA 20. There will be a buying opportunity for us. I know most of you guys think that bitcoin price will increase because today's candle was a fat green one but you should look at the resistance lines at the daily chart. Today's candle couldn't go higher than first resistance line and for me it is a confirmation for lower prices since it already became lower from $8400. I would like to see that bitcoin going higher and higher like most of you guys but it is trading and we shouldn't be emotional.
As i always said, Trade SAFE
