Bitcoin is at the bottom of bear flag and waiting for breakout. Its holding 16k area and if it cant hold it then it will be down to 15440 otherwise it will move further upward till 16800 - 17000. There could be some fake pump and it can retest 17000-17500 area and If it can't go there then it will retest the bottom of 15440.
Bitcoin is slowly slowly sinking and over all its movement is within limit which indicates the quick downfall of the coin. Still no power for upward but its market and there could be up and down so be careful.
In a big picture its still bearish till 13K - 14K or may be more down to 10k. Its main support is 15300 and Bitcoin has not touched its bottom till now because no one know how much it can go down but if you see the over all market and Bitcoin chart you will see that if it break 14k area then 10k will be the crucial for Bitcoin and buyers. At this time buyers and sellers both want more down.
By the way Bitcoin looks weak and I am expecting no bounce here, but in any case if it bounce then expected rejection from 17100.
It will be bullish whenever it will cross 30k.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
Bitcoin is slowly slowly sinking and over all its movement is within limit which indicates the quick downfall of the coin. Still no power for upward but its market and there could be up and down so be careful.
In a big picture its still bearish till 13K - 14K or may be more down to 10k. Its main support is 15300 and Bitcoin has not touched its bottom till now because no one know how much it can go down but if you see the over all market and Bitcoin chart you will see that if it break 14k area then 10k will be the crucial for Bitcoin and buyers. At this time buyers and sellers both want more down.
By the way Bitcoin looks weak and I am expecting no bounce here, but in any case if it bounce then expected rejection from 17100.
It will be bullish whenever it will cross 30k.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!