Hello Crypto Friends! Let's see how Bitcoin is doing on the BTCUSD 4 hour charts.
If you look at our charts we just saw a nice $400 dip in the price of BTCUSD. Volume has been on a steady decline and loos to have been consolidating since early March levels. Right now we're keeping a watch to see if BTC breaks our green support line around the $7000 area.
Scenarios:
The two scenarios coming up are whether we see BTC ride our Green positive support line or the bears stay in control and we ride the pink trend-line further into lower levels. We'll keep a close watch to see if the bulls take control or the bears keep pushing the price down.
Feel free to hit the Like Button and give us a follow if you liked our analysis.
We are currently long on BTCUSD.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.
If you look at our charts we just saw a nice $400 dip in the price of BTCUSD. Volume has been on a steady decline and loos to have been consolidating since early March levels. Right now we're keeping a watch to see if BTC breaks our green support line around the $7000 area.
Scenarios:
The two scenarios coming up are whether we see BTC ride our Green positive support line or the bears stay in control and we ride the pink trend-line further into lower levels. We'll keep a close watch to see if the bulls take control or the bears keep pushing the price down.
Feel free to hit the Like Button and give us a follow if you liked our analysis.
We are currently long on BTCUSD.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.