I am back with updates. Bitcoin once again is within a quite important range (between Monthly and weekly PivotPoint, yellow and red), and also already once failed a breakout attempt. Tendency from here would be simply more down then up, knowing that this is not really tradable right now, due to the fact we all know Bitcoin has alot of surprising potential. Important ist the upper red trendline (breakout level), that need´s to be left behind to develop further up movement.
Don´t forget even if BTC correct even down to the red box, it´s still within the range of a perfectly normal and non-bearish correcture and should not raise fud. As well the broadening wedge support has not been hit yet, so for now we are still far away from a bearish scenario like a BumpnRun.
TO BREAK: $11700
NEAREST SUPPORT: $10700
BULLISH TARGET: $13900
BEARISH TARGET: $8770
(Broadening Wedge Support: $10100)
*Always set stops. Dyor. No financial advice.
____________________________________________________________________________________________
BitMEX Ref-Link for 10% Fee Discount the first 6 months: www.bitmex.com/register/juqr
Don´t forget even if BTC correct even down to the red box, it´s still within the range of a perfectly normal and non-bearish correcture and should not raise fud. As well the broadening wedge support has not been hit yet, so for now we are still far away from a bearish scenario like a BumpnRun.
TO BREAK: $11700
NEAREST SUPPORT: $10700
BULLISH TARGET: $13900
BEARISH TARGET: $8770
(Broadening Wedge Support: $10100)
*Always set stops. Dyor. No financial advice.
____________________________________________________________________________________________
BitMEX Ref-Link for 10% Fee Discount the first 6 months: www.bitmex.com/register/juqr
