Bitcoin: What's New?
What's new in the main crypto market? From my point of view we have nothing interesting. The price broke 10 000.00 the key level. Now we should wait for additional signals supporting the upward or the downward movement.
The price can continue consolidation at 10 000.00 level and without additional signal, it will be difficult to say in which direction the market will move.
I would like to use the local swing high and a breakout above it in order to confirm the upward movement. I would like to use the local uptrend line, 10 000.00 support, and a breakout below in order to confirm the downward movement.
Without these 2 breakouts the market can move in any direction and it won't make any sense.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The price can continue consolidation at 10 000.00 level and without additional signal, it will be difficult to say in which direction the market will move.
I would like to use the local swing high and a breakout above it in order to confirm the upward movement. I would like to use the local uptrend line, 10 000.00 support, and a breakout below in order to confirm the downward movement.
Without these 2 breakouts the market can move in any direction and it won't make any sense.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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