hey guys welcome to another Bitcoin XBT short term update, now before getting in if you're watching this first time than do check out my previous updates on Bitcoin given below, you'll get a broad view on current price direction and how precisely prices followed movements as i suggested, check out...
now moving towards the above chart so you can see that how precisely prices have respected the levels i've suggested from 10800, first we tested 10000 level and then break it and exactly bounced from second support of 9750 and tests 10230-10350 zone precisely two times, in third attempt we break this zone and a pullback again tests 10000s level and prices retests the support multiple times and remains stable, again prices bounces from here and precisely retraces from 10230-10350 zone and lastly a pullback tests 10000 levels and huge spike leads the prices again to 10800 zone, and exactly retraces from there, meanwhile tradingview chart is showing this spike upto 10650 but if you'll check Bitmex chart than you'll see the 10800 wick.
along with this Stoch RSI, MACD and RSI also indicating for bullish momentum in short timeframes,
now the resistance zone 10230 - 10350 will act as a support zone and most likely prices will keep continue to grow towards 10800-10950, if we beak this zone than surely the next level of resistance will be 11200-11350 level, but if we break the support zone ie 10230 than be prepared for new lows...
that's all for now hope this idea will help you to make profits like the previous one's;), dont forget to hit like and support us so we keep bringing awesome new trading ideas for you, follow us for more future updates, and do comment your opinion, we appreciate your response:)
thanks you, this is Husain Zabir signing out
now moving towards the above chart so you can see that how precisely prices have respected the levels i've suggested from 10800, first we tested 10000 level and then break it and exactly bounced from second support of 9750 and tests 10230-10350 zone precisely two times, in third attempt we break this zone and a pullback again tests 10000s level and prices retests the support multiple times and remains stable, again prices bounces from here and precisely retraces from 10230-10350 zone and lastly a pullback tests 10000 levels and huge spike leads the prices again to 10800 zone, and exactly retraces from there, meanwhile tradingview chart is showing this spike upto 10650 but if you'll check Bitmex chart than you'll see the 10800 wick.
along with this Stoch RSI, MACD and RSI also indicating for bullish momentum in short timeframes,
now the resistance zone 10230 - 10350 will act as a support zone and most likely prices will keep continue to grow towards 10800-10950, if we beak this zone than surely the next level of resistance will be 11200-11350 level, but if we break the support zone ie 10230 than be prepared for new lows...
that's all for now hope this idea will help you to make profits like the previous one's;), dont forget to hit like and support us so we keep bringing awesome new trading ideas for you, follow us for more future updates, and do comment your opinion, we appreciate your response:)
thanks you, this is Husain Zabir signing out
Comment:
oh and there's a great announcement for you guys, we've started a trial week for our premium services at just 30$ so if you wish to try than contact me on telegram, chao...
Trade active:
One of the major reason for growth in price of Bitcoin and gold is trade war between us and China, as yuan is dumping more and more, money is flowing in safe assets like gold, silver and Bitcoin
Trade active:
keep an eye on 100 daily MA sitting right now around 10000 level, prices have already tested that level almost 5 times and likely could break it or even bounce from here, its time to wait with patience, let the price decide its own direction
