BTCUSD Bitcoin. Double bottom or new low ?
So, as I see from this chart BTC is showing real uncertainty of going up or down, it's really hard to predict right now what BTC is going to do, but I think that It will make double bottom pattern and bounce from that level hard. Second scenario is that it will go down until lower edge and finish it's shortterm downtrend, according to Bulkowski descending wedge. 9570 and 8900 are Fib levels and also strong supports for BTC, due to that facts I expect uptrend soon.
Although, there is a chance that it will continue it's uptrend from now on, as you can see it doesn't want to break 10000 level and close there.
By looking at indicators you can observe that bulls are stronger than bears in last 4 candles, that indicate that 10000 price level can be a new support line.
Although, there is a chance that it will continue it's uptrend from now on, as you can see it doesn't want to break 10000 level and close there.
By looking at indicators you can observe that bulls are stronger than bears in last 4 candles, that indicate that 10000 price level can be a new support line.
Commento:
We are going to new low.
Trade chiuso: obiettivo raggiunto:
Reached 2/1 Gann Fan line.