Bitcoin is in a key area where price has pulled back from multiple times, waiting for a little more pull back to happen before the bulls come in to play. I've noticed that at the end of almost every month, or even beginning of the month Bitcoin makes a huge move, its getting close to that time of the month again so i'm expecting price to shoot back to 12k soon after the pull back. If it goes exactly how I say that will be a nice 770 pip move. Also price is still on top of my EMA and has been for 5 days straight. The current candlestick can possibly be the 6th stab, lets see what happens!
Leave your comments below! Feel free to critique, add on to my analysis, or if you agree/disagree let me know!
Leave your comments below! Feel free to critique, add on to my analysis, or if you agree/disagree let me know!
Comment:
Price stabbed and went through the ema, whenever that happens price tends to pull back towards it. Also it looks like price pulled back to a previous resistance and it looks as if it will now treat it as a support.