BTC | Swing between between Support n Resistance|Flag Formation
As we have said previously, BTC needs to cross 11700 to show Heavy Bull Potential, It found resistance at 11500, but not a heavy one.
It 's just that Bulls are not ready to move the market: Reasons for this could be anything from "waiting for political news, making impatient traders to loose their money etc.."
As per the current market scenario, we don't see any major swings in either direction. For opening any long or short position, please wait for formation of trend.
Currently, it is moving in Flag formation, but volume is absent from market, which only means , it will trade sideways.
In the chart , we have marked our current expectation for the price movement.
Moon Shot: I am expecting this trend to continue to form a symmetrical triangle, to provide an ample opportunity to bulls to shoot the market up.
Future Expectation: Bull Long Run
Short Term: Swing Sideways ...
If you agree with our analysis, please like, share and follow :D
KrptoTimes
It 's just that Bulls are not ready to move the market: Reasons for this could be anything from "waiting for political news, making impatient traders to loose their money etc.."
As per the current market scenario, we don't see any major swings in either direction. For opening any long or short position, please wait for formation of trend.
Currently, it is moving in Flag formation, but volume is absent from market, which only means , it will trade sideways.
In the chart , we have marked our current expectation for the price movement.
Moon Shot: I am expecting this trend to continue to form a symmetrical triangle, to provide an ample opportunity to bulls to shoot the market up.
Future Expectation: Bull Long Run
Short Term: Swing Sideways ...
If you agree with our analysis, please like, share and follow :D
KrptoTimes