So the dropdown! Most of traders are already discussing about testing of new resistance level at around 10k$, but I think BTC will test support level soon.
First of all before continue reading you have to understand one thing, today's BTC rise was just a good artificial pump and after a pump there is always a dump.
BTC H3 TF
Yeah, I know, this is not a technical analysis but please look how BTC is repeating it previous movement path. And according to it the final destination could be the dump. I suppose dump could start within next 24h-36h
First of all before continue reading you have to understand one thing, today's BTC rise was just a good artificial pump and after a pump there is always a dump.
BTC H3 TF
Yeah, I know, this is not a technical analysis but please look how BTC is repeating it previous movement path. And according to it the final destination could be the dump. I suppose dump could start within next 24h-36h
Comentário:
BTC is trapped between price levels $9000 - $9200. I expext, in short term, the price will rice to price level around $9300 - $9500. RSI and MACD confirm this trend. But the volume is below average. Without sufficient volume, BTC can not reach EMAs levels above. BTC is also performing bearish "Ascending Broadering Wedge". I still expcet dip below price level $8800 or lower.
BTC is trapped between price levels $9000 - $9200. I expext, in short term, the price will rice to price level around $9300 - $9500. RSI and MACD confirm this trend. But the volume is below average. Without sufficient volume, BTC can not reach EMAs levels above. BTC is also performing bearish "Ascending Broadering Wedge". I still expcet dip below price level $8800 or lower.
Trade fechado: objetivo atingido
However, before mentioned dip I expect, in short term (hours), the price will rise to price level around 10K.
If you want to trade, buy BTC for price $8600 - $8300, or even to $8200.