Btc/usd trend analysis: 3 resistances converging in the same zone, the Price touched $6421/$6431, where the 21 Ema of the daily Bollinger bands is and got rejected, there is also a yellow line resistance in the same spot, this line is the main downtrend line that it has been rejected the entire year, a little above that one we have another thin black deciding line that represents a small downtrend channel since September 22.
In resume I expect a retracement to the low side of the BB and the blue line I've been talking about many days ago which is now between $6025 and $6070 (this can take a few days)
- Trading Advice: Don't base your trade on the analysis, you have to make a strategy or a trading plan based in that analysis and always consider the possibility that if the analysis fail what would you do?
If you wish to follow more frequent updates, t.me/joinchat/AAAAAEoCM5E9iij2u1OTtA
In resume I expect a retracement to the low side of the BB and the blue line I've been talking about many days ago which is now between $6025 and $6070 (this can take a few days)
- Trading Advice: Don't base your trade on the analysis, you have to make a strategy or a trading plan based in that analysis and always consider the possibility that if the analysis fail what would you do?
If you wish to follow more frequent updates, t.me/joinchat/AAAAAEoCM5E9iij2u1OTtA