Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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What's up Crypto Traders. Took a look at the log chart today on Bitcoin and decided to do what I do best with my technical analysis as you can see in the chart. Bitcoin's roar in the past few days has been the ray of hope many of us were looking for but still be weary of what's coming. As you can see the downtrending line is coincidently where the resistance zone is. Always look at the big picture before going all in. We're at a very important and possibly a critical area for Bitcoin to show us where it may be heading in the near future and possibly longer term. There's a higher probability of it falling especially where prices are at the time I'm publishing this chart. Hope this helps and if it does, please follow me here on T.V.. Thanks everyone and don't forget to brush up your risk management skills.
Comment
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Starting to see a pullback around the downward trendline along the resistance zone as expected. This tells me that there's still lack of conviction with bitcoin.