Daily Bitcoin Update - E03
Zaktualizowano
Hello friends! This is my daily Bitcoin update. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!
The price of Bitcoin (BTC) had a bullish start today. The price bounced from a short-term support zone (6850.00) and is currently moving towards our strong resistance-zone at 7300.00, which is also our entry-zone for a short position.
The overall trend is still bearish, since we did not receive a proper reversal pattern yet. We do also have a bearish outlook on daily and weekly time-frame:
Therefore, we try to spot the best entry on the 4 hour time-frame.
We can see a death cross forming on the 4 hour chart appearing with the MA 50 (short-term) and the MA100 (mid/long-term). The price is also trending below the MA200 (long-term). A death cross is usually followed by a lot of volume. Please keep in mind that most of the bots trade along moving averages and crosses.
The next two candles might confirm this scenario.
Cheers,
cryptobuller
The price of Bitcoin (BTC) had a bullish start today. The price bounced from a short-term support zone (6850.00) and is currently moving towards our strong resistance-zone at 7300.00, which is also our entry-zone for a short position.
The overall trend is still bearish, since we did not receive a proper reversal pattern yet. We do also have a bearish outlook on daily and weekly time-frame:
Therefore, we try to spot the best entry on the 4 hour time-frame.
We can see a death cross forming on the 4 hour chart appearing with the MA 50 (short-term) and the MA100 (mid/long-term). The price is also trending below the MA200 (long-term). A death cross is usually followed by a lot of volume. Please keep in mind that most of the bots trade along moving averages and crosses.
The next two candles might confirm this scenario.
Cheers,
cryptobuller
Zlecenie aktywne
Short: 7300.00Uwaga
Looks like we might see another leg up - let's see if the price manages to get past our resistance zone
Strategies, Insights & Education: t.me/KOLAcademy
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.