Hello everyone traders! Today i'm gonna show you the bitcon , it had some hard times in this year. Probably will still go lower , meanwhile 6k zone looks strong , didn't really expect that cause selling volumes was strong and looked like broke the support level , then with a bullish engulfing started to go up again.
Obviously we can't talk about uptrend yet but it's a good movement that may give some hope. It might be a bullish correction into a downtrend. Don't know yet we need to watch that closely in the next weeks. For all the people that would like to go in , try in lower timeframe to find a good place , maybe some fib retracement of this strong bullish impulse , with a SL around 5.8k.
Have a nice day traders!
Obviously we can't talk about uptrend yet but it's a good movement that may give some hope. It might be a bullish correction into a downtrend. Don't know yet we need to watch that closely in the next weeks. For all the people that would like to go in , try in lower timeframe to find a good place , maybe some fib retracement of this strong bullish impulse , with a SL around 5.8k.
Have a nice day traders!
Comment:
Well really nice support! But for me BTC it's still inside a '' NO TRADE ZONE '' would wait to break 10k USD to go long . 5.8k breakout to go short.
