Bitcoin has formed a triangle pattern on weekly and monthly timeframes and has reached the resistance levels.
Bitcoin has formed Doji candle on weekly timeframe, Its a reversal sign and high probability of reversal from here.
Bitcoin closing below 9300 levels on daily timeframe may be the confirmation of reversal and downtrend may be seen.
Daily close above 10200 may be the confirmation of continuation of uptrend.
So daily closing around 9300-10200 should be the levels to watch for any positional/swing trades.
Total crypto market cap has also formed a triangle pattern and reached the resistance of upper trendline of the triangle pattern and formed a doji candle which indicates the reversal.
Happy trading!
Team MintingM
Bitcoin has formed Doji candle on weekly timeframe, Its a reversal sign and high probability of reversal from here.
Bitcoin closing below 9300 levels on daily timeframe may be the confirmation of reversal and downtrend may be seen.
Daily close above 10200 may be the confirmation of continuation of uptrend.
So daily closing around 9300-10200 should be the levels to watch for any positional/swing trades.
Total crypto market cap has also formed a triangle pattern and reached the resistance of upper trendline of the triangle pattern and formed a doji candle which indicates the reversal.
Happy trading!
Team MintingM