Gl3n

BTCUSD, simple but viable analysis

Long
Gl3n Updated   
COINBASE:BTCUSD   Bitcoin
BTC/USD !

I can see for weeks a lot of complicated analysis on cryptocurrencies, so I decided to post a simple analysis which is related just with price action.

We have to keep in mind that cryptocurrencies are volatiles and really fondamentals sensitives, so be cautious.

If price close above 10000$, there is a buying opportunity, clearly targeting 11135$.
Comment:
As expected some traders take profits near the key levels of 9500-10000$ area.
We have to wait a bit longer, the crypto king is still in consolidation.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.