Bitocin Analysis On 23.04.2024

23 apr

Today I TRY to make Simple Analysis.

On Weekend Bitocin had Broked Three Resistences(2 Black Lines(Resistence #2&3 and Yellow Area). and Last Weekly Candle is Closed inside Yellow Area. And Thats Positive. But Till When We Have Not Broked Yellow Lines(Red Arrows) we are Still in Retracement and i Think now Price is Going To touch These 2 Yellow Lines. And From There We can See Final Direction.

IMO i Think There is Another Dump. And Now Weekly Reversal Line Are Changed Too. New Reversal Point on Weekly Are 62372 And 53945. And on these Point We will Complete our Weekly Retracement. In This Range Movement we Can Await a Altcoin Move. But there is Very Low Volume on All Crypto Market After Halving.

According to all This i Suggest to Be Patience. and If You Really Want to Trade. Then With Half of Your Trade Size. and tight Stoplosses.