Hello everyone,
Yesterday went as expected, we hit our (orange circle) and almost our hourly support with a precision of one hour (which is nice).
We seem to be hugging the lower side of the channel now and the hourly resistance moved down a notch to the $7200 levels.
The MA's are not defined correctly in the hourly but as it sits this seems like a 2:1 long trade in this range , take it or not , either way this would be a very short term long.
The Daily chart is more pessimistic with the HA candles in the red and the first real support at around $6500
There are 2 factors that might influence the price up or down right now:
- The mining difficulty will hit ATH before halving , hopes for higher
XBT
prices here
- The
USOIL
has seen the biggest drop in history ever recorder, this spells danger all over the markets , even bitcoin
Follow us on live stream on Twitch for real time analysis and trading tools : https://www.twitch.tv/bitwolf_capital
Bitwolf Capital hedge fund : https://bitwolfcapital.com/
Yesterday went as expected, we hit our (orange circle) and almost our hourly support with a precision of one hour (which is nice).
We seem to be hugging the lower side of the channel now and the hourly resistance moved down a notch to the $7200 levels.
The MA's are not defined correctly in the hourly but as it sits this seems like a 2:1 long trade in this range , take it or not , either way this would be a very short term long.
The Daily chart is more pessimistic with the HA candles in the red and the first real support at around $6500
There are 2 factors that might influence the price up or down right now:
- The mining difficulty will hit ATH before halving , hopes for higher
XBT
prices here - The
USOIL
has seen the biggest drop in history ever recorder, this spells danger all over the markets , even bitcoin Follow us on live stream on Twitch for real time analysis and trading tools : https://www.twitch.tv/bitwolf_capital
Bitwolf Capital hedge fund : https://bitwolfcapital.com/
Join our free telegram community here: t.me/sublimetraders
Our website: sublimetraders.com/
Proudly listed on binance-futures-signals.com/
Our website: sublimetraders.com/
Proudly listed on binance-futures-signals.com/