I will carry out a short analysis on current BTC trending. W-shape is formed around support zone 8000-7800, so i really hope for a strong bounce from this area. However, due to the relatively low volume (as now the lunar new year is coming and many negative news relating to BTC, miners, etc.), a recover to 10200-1000 is much more practical.
However, it should break out previous support levels (now resistance levels) such as 8500-8400, 9000 and 9400 before the next move.
I will update my analysis tomorrow when today final candle is closed.
Thank you for support!
However, it should break out previous support levels (now resistance levels) such as 8500-8400, 9000 and 9400 before the next move.
I will update my analysis tomorrow when today final candle is closed.
Thank you for support!
Comment:
I re-updated my analysis on my latest post. Please follow me and get updated with new update!
Thank you!