New milestone is coming. Now, BTC is heading to 19.5K trend line, resistance at around $6320 and EMA21 at $6410. In case of breaching these strong resistances, BTC can rise again. But it will be difficult without significant volume.
We are in bearish market, with no doubt. A new opportunity to buy will come with the price below $6000.
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
Comment
⋅
BTC BTC stuck on market flat between $6200 - $6100.
Let’s take a look at 1D TF BTC’s chart. While BTC hit $6320 yesterday, so today the price is falling. Now, BTC is trading at around $6160 and bearish candlestick is perfoming. Daily closing below $6120 should be indicative of a continuation of downtrend.
Let’s take a look at 12H TF BTC’s chart. Pay attention to Stoch Indicator - blue line is crossing red line downward. It is also indicative of continuation of downtrend.
Stay calm and wait for next BTC’s price action.
Comment
⋅
Comment
⋅
Comment
⋅
Today, BTC stuck on market flat between $6060 - $6160. Regarding to today’s price movements, I updated candlestick pattern. Now, Bearish pennant pattern is performing. In general, triangle patterns are difficult to predict. We are in this times now. Check MACD and RSI indicators. Meanwhile Doji candlestick pattern is performing, everyone is waiting for the next BTC price action.