Bitcoin seems to remain in low position intraday and on the daily itself. Still at the mercy of the big red candle before it, it doesn't look like it's about to go "to the moon" anytime soon. A waiting game, at least a bounce on support before any reactions can logically take place. React before that, you're at risk. Hence the "up or down" analysis.
Anyone who thinks you shouldn't analyse both sides of the chart does not know how to trade.
Bear in mind that had the red candle get negated, the bulls would more likely have something interesting to talk about. Until then, we're going to support then seeing if it goes up on a bounce, or below it for a breakout. It's a key technical level, not just some random space on the chart.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
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Anyone who thinks you shouldn't analyse both sides of the chart does not know how to trade.
Bear in mind that had the red candle get negated, the bulls would more likely have something interesting to talk about. Until then, we're going to support then seeing if it goes up on a bounce, or below it for a breakout. It's a key technical level, not just some random space on the chart.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I never ask anything from my supporters, but I do have a small favour to ask of you guys... If you see comments in the comments section that are trolling/insulting to me, or any other person who's contributing to the comments section, then please Flag/Report their comments right away so we can get rid of people that aren't contributing to this site in a good way. Let's work together to make this site a better place for everybody. :-)
Please leave a LIKE and FOLLOW. I'd really appreciate it.
Thank you for your support.
