BPAtrader

Price Action in BTC daily chart. BTC will find resistance soon.

BITFINEX:BTCUSD   Bitcoin
As we can see, BTC 11.78% broke out from a big triangle. Then it formed a 3-push down in a very tight channel. Usually after 3 pushes, market will pull back for 2 legs. But considering the channel down is so tight, I think BTC 11.78% will find resistance soon and go sideways between 9800 and 6800 for a week or so. Traders should better not buy any bull breakout or sell any bear break out, just wait to buy low and sell high.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.