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PolarHusk
Nov 30, 2020 7:49 PM

BTC/USD (New All-Time High?) 

Bitcoin / U.S. dollarBitstamp

Description

💎Technical Analysis Summary💎


BITSTAMP: BTCUSD

-Bitcoin hits an All-Time High today after breaking its recent top
-It is not a strong breakout given the fact it is already a 22% increase from swing support
-We have local support of around 18.9k-18.6k dollars
-This is not a key level but a good area if BTC can hold for the next few days
-My only advice is not to FOMO and even short the market
-Because there is no sign of weakness and buying strength is extremely high
-This is not a buying opportunity either
-I'm talking about a swing trading idea (Not scalp or long term)
-Please wait at a good area for potential rebuy
-Provided there is reversal sign
-Or if looking for a counter-trend, wait for a proper break of support
-Before opening a sell position





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Comments
AtiqahMohamadSamin
nice sharing polar
baezlmarco
what is the meaning of something being "local"? like "local top". If you google it there is literally no answer to it, can you explain?
PolarHusk
@baezlmarco, 1st potential support area :)
Stargazer_fx
thanks for sharing
Fisher_Fx
yes man looking super bullish at the moment. we will see
kyer
Yessir new ATH on Bitcoin, crazy times we are living in. Seems like 2017 high was yesterday, to the moon 🚀
jojofang0901
I would probably wait for a bigger correction or consolidation to see how the price will move in the upcoming weeks/months. Thank you for sharing.
Bistonic
Appreciate you sharing your thoughts, cheers.
UnknownUnicorn11367866
this year btc wont make a HH
downtrend for 2021
bestfarbit74
good idea
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