Dear traders and followers,
welcome to our weekly Bitcoin market update !
The Bitcoin price moved strong up wards in the last week and the market seems to make a short term correction at this point because the buy volume decreased daily and 13.000 $ area is a strong resistance. We've realized our profits and wait for another good buy entry as drawn in the chart.
Buy entry between 38.2 Fibonacci retracement and golden ratio (0.5)
The RSI and MACD indicators are described in the chart.
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welcome to our weekly Bitcoin market update !
The Bitcoin price moved strong up wards in the last week and the market seems to make a short term correction at this point because the buy volume decreased daily and 13.000 $ area is a strong resistance. We've realized our profits and wait for another good buy entry as drawn in the chart.
Buy entry between 38.2 Fibonacci retracement and golden ratio (0.5)
The RSI and MACD indicators are described in the chart.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Market will first retest 13300 $ area