Hey, I am back with another idea, this time looking at Bitcoin.
Bitcoin has seen a strong move down📉, but it has managed to seek a good support in support area from where it looks like has been able to launch off immediately, I expect some sideways movement for a bit, but buyers are coming in.
There was two bearish sign of double top and rising wedge, from which I have determined that the price is very likely to fall down and that exactly has happened.
Currently there is nice looking 4H double bottom and altcoins seems very excited, major altcoins I will point out, because when shit coins are happy, usually that's a sign for me to tether up.
Has Bitcoin still potential to rise all the way to $10,500?
It looks bullish, but before reaching $10,500 I would need to see some more bullish confirmations, but $9,800 is a safe bet for profit taking.
Have a good luck with trading, don't forget to stick to your strategy.
Each new follower and like is very much appreciated! 🙌
Bitcoin has seen a strong move down📉, but it has managed to seek a good support in support area from where it looks like has been able to launch off immediately, I expect some sideways movement for a bit, but buyers are coming in.
There was two bearish sign of double top and rising wedge, from which I have determined that the price is very likely to fall down and that exactly has happened.
Currently there is nice looking 4H double bottom and altcoins seems very excited, major altcoins I will point out, because when shit coins are happy, usually that's a sign for me to tether up.
Has Bitcoin still potential to rise all the way to $10,500?
It looks bullish, but before reaching $10,500 I would need to see some more bullish confirmations, but $9,800 is a safe bet for profit taking.
Have a good luck with trading, don't forget to stick to your strategy.
Each new follower and like is very much appreciated! 🙌
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Uptrend has been broken.