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BTC: Confluent Resistance May Pose Short-Term Head-wind
Quick Analysis for BTC
We have what seems to be a huge confluence of resistance trendlines at 15800. The bears might hold this area strong and consolidate price a little further until these resistances begin to break apart.
BTC seems to be in a cycle and their cycles can be extremely overextended so Indicators aren't the most useful on BTC.
With all of the uncertainty going on. BTC may be come a safe haven. It hasn't historically acted that way, however, the decentralized currency platform may be extremely attractive.
Also, BTC has been getting a lot of hype, rightfully so, but this has also added to the parabolic trend we're experiencing.
BITBAY:BTCUSD
We have what seems to be a huge confluence of resistance trendlines at 15800. The bears might hold this area strong and consolidate price a little further until these resistances begin to break apart.
BTC seems to be in a cycle and their cycles can be extremely overextended so Indicators aren't the most useful on BTC.
With all of the uncertainty going on. BTC may be come a safe haven. It hasn't historically acted that way, however, the decentralized currency platform may be extremely attractive.
Also, BTC has been getting a lot of hype, rightfully so, but this has also added to the parabolic trend we're experiencing.
BITBAY:BTCUSD
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.