Hey guys,
“Quite healthy price action if you ask me.”
Well so much for that train of thought...
We were watching Bitcoin retest previous resistance as support at the breakout level, but after initially bouncing, price was unable to make a new higher high and we’re now back down through it.
Sigh:
BTC/USD Daily
Anyway, for the daytraders amongst you, this is the zone to look for a bounce at and then manage your risk around:
BTC/USD Hourly
If it does hold, then selling any intraday pullbacks into short term resistance turned support is the play.
Now just finally to wrap up, of course with Bitcoin breaking not being able to hold any of its attempted trend change, the altcoin catchup is delayed again. Look at how hard the alts are falling...
Ouch.
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
I don't believe that Bitcoin is going higher than this. It is possible but highly unlikely. My Elliott Wave projection has pointed out that new lows are ahead. If you are interested check it out:
Bitcoin (BTC/USD) Elliott Wave Analysis - Uptrend Continuation or a Lower Low? (Target 3000$)
https://steemit.com/bitcoin/@drumsta/bitcoin-btc-usd-elliot-wave-detailed-analysis-uptrend-continuation-or-a-lower-low
Here in india whoever is caught transecting cryptocurrency their account gets block without leting them know...lol
You can’t stop people using crypto.
Too bad i got my hopes high
:-(
What a disheartening market, I almost prefer when BTC just dropped rather than these false re-starts LOL.
More time to buy before the next big wave 😊