Hi, Bitcoin has been trading sideways for about 2 days. If we wont get a breakout soon, it might fall back for support around 2850 USD. Here is the hourly graph:
Comment: As you can see, there has been a consolidation phase for the last 2 days and the longer it takes, the probability of Bitcoin going down for support increases.
If we will get a close above 3290 USD there could be a breakout.
Happy trading!
Long bitcoin. Upside is good. Downside just means buy. HODL to the moon.
yup, that is a sound strategy
Thanks for the analysis.
u r welcome