Bitcoin is in the supply demand: Beware of Bears Scenario!!!
Hello guys, in this technical analysis is neutral for me until I take in my hand a true confirmation to put in short position to find down a take profit of $11,000 USD or included $10,400 USD.
If you know, we are in the important zone to sell Bitcoin, so, tomorow morning I will check the price action, the only I hope in the Bitcoin price is that Bitcoin is go to up a little in the zone of $11,997 USD, near of $12,000 USD, I hope that Bitcoin make a rejection of the price below of $12,000 USD. If you know, the price is weakness and it's a less boughters.
We could to experiment a possible consolidation between the $12,000 USD and $10,400 USD, the $10,400 USD is a critial support and it's important that Bitcoin make a resistance in this level.
So guys, in this analsyis Bitcoin is into this bearish rising wedge in formation and a possible double top to up in the zone mentioned if you follow the black arrow. I hope that for tomorrow to see it.
Tomorrow I will going to check Litecoin if Litecoin has an opportunity as investment, and also in Ethereum is important to make an analysis and to know about a deep this proyect.
If you know, we are in the important zone to sell Bitcoin, so, tomorow morning I will check the price action, the only I hope in the Bitcoin price is that Bitcoin is go to up a little in the zone of $11,997 USD, near of $12,000 USD, I hope that Bitcoin make a rejection of the price below of $12,000 USD. If you know, the price is weakness and it's a less boughters.
We could to experiment a possible consolidation between the $12,000 USD and $10,400 USD, the $10,400 USD is a critial support and it's important that Bitcoin make a resistance in this level.
So guys, in this analsyis Bitcoin is into this bearish rising wedge in formation and a possible double top to up in the zone mentioned if you follow the black arrow. I hope that for tomorrow to see it.
Tomorrow I will going to check Litecoin if Litecoin has an opportunity as investment, and also in Ethereum is important to make an analysis and to know about a deep this proyect.
