A brand new analysis here, ready for Monday's fresh week of trading :-)
Bitcoin showing slight clarity, where it's clearly having a corrective move. I don't expect this to have major conviction and thus will stall at side-wards resistance before falling down, rather than just tanking like that that could have happened before. There's 2 outcomes to this:
1) Bitcoin hits side-wards resistance/moving average resistance overhead before falling to the downside before retesting support and bouncing, or breaking below support into a new bearish impulse leg.
2) Bitcoin breaks the overhead moving average converging resistance, then the side-wards resistance. It then tests the resistance as a new support before the introduction of a rally.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
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Thank you for your support.
Bitcoin showing slight clarity, where it's clearly having a corrective move. I don't expect this to have major conviction and thus will stall at side-wards resistance before falling down, rather than just tanking like that that could have happened before. There's 2 outcomes to this:
1) Bitcoin hits side-wards resistance/moving average resistance overhead before falling to the downside before retesting support and bouncing, or breaking below support into a new bearish impulse leg.
2) Bitcoin breaks the overhead moving average converging resistance, then the side-wards resistance. It then tests the resistance as a new support before the introduction of a rally.
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.
Nice move to the upside, smashed it!
Had a nice long on my #VIP group which had significant profits also :-)
Very nice pump atop a rangebound time.
I tried to tell you guys, my “up or down” analysis is only ever at KEY levels. My up or down analysis means whichever way it goes, it’s goinf to move in a BIG way!
Remember that next time trolls before you speak before thinking and get a 3 day TradingView ban (lol)
Please leave a LIKE. I’d really appreciate it. :-)