Bitcoin looks interesting, will it break the (E) zone?
Hello, dear followers, as we can see price found support at 6890 level which located at the top of Accumulation Support Levels *6800-6340*. The Support level at 6890 is also come with MA50 Daily support: So for Plan A we should use this level as Stop Loss for Long Entry. Targets are above 7280 and maybe with optimistic 7460. Plan B will be activated as if...
Hello! #Bitcoin shows bullish setup, but... There is 2 Bearish things : 1> RSI and Stoch RSI are overbought * We should not blindly follow only indicators, so lets see what else we've got for Bitcoin today 2> 7800 Resistance this resistance is important since 2017 from previous bullish rally, as we remember from this level price felt to 5500 in 5days So...
Hello! Multi timeframe analysis is there. Recently we meet Local resistance at $6514 (red horizontal line) Which is bottom of Descending Triangle (Red on 2D chart at left). Now it need to break $6514, to move on higher resistance $735 2, which will be hard for bulls IMO. If bulls will fail breaking this resistance, we will probably see reloaded bears for...