It is been a while since I posted my analysis. I had a long vacation last week.
In order to wholly enjoy my vacation, I refrained to post any analysis.
I will start now. Kindly check also my other analysis today!
Don’t forget to hit like and follow me!
In my previous analysis for Bitcoin (BTC), I shared that BTC is preparing for a bounce! (If you want to check my previous post, just click my profile and find it).
Based on the chart, the price really bounced from S6650 to S7930. I expected a bounce to 8800 but the bears control the market.
The bears rejected the price of BTC to move above the important 20-day moving average and even the 21-day exponential moving average.
In addition, BTC failed to hold the support at S7300.
As a result of the failure of BTC to move above the said moving averages, it is now probable that we will retest the next support at S6100 unless the price pump above the said moving averages.
Just don’t forget to always set your stop loss.
Hit like and follow me for more updates.
Happy Trading!
Please do your own charting and research.
In order to wholly enjoy my vacation, I refrained to post any analysis.
I will start now. Kindly check also my other analysis today!
Don’t forget to hit like and follow me!
In my previous analysis for Bitcoin (BTC), I shared that BTC is preparing for a bounce! (If you want to check my previous post, just click my profile and find it).
Based on the chart, the price really bounced from S6650 to S7930. I expected a bounce to 8800 but the bears control the market.
The bears rejected the price of BTC to move above the important 20-day moving average and even the 21-day exponential moving average.
In addition, BTC failed to hold the support at S7300.
As a result of the failure of BTC to move above the said moving averages, it is now probable that we will retest the next support at S6100 unless the price pump above the said moving averages.
Just don’t forget to always set your stop loss.
Hit like and follow me for more updates.
Happy Trading!
Please do your own charting and research.