BTC Chart Update - Maxime Desalle - 06/04/18
DISCLAIMER: It is understood that all the suggested input of Maxime Desalle regarding this chart analysis are only recommendations / support from a business perspective and do not constitute in any way legal terms. To that extent you retain sole responsibility should you make use of such recommendations.
Good afternoon dear traders,
I hope you made some profit today!
The current support is located at 6500 $. There is a resistance at 6650 $. For the MACD, there are two possible situations (and I don't know which one it is): 1. The MACD is in an uptrend or 2. The MACD is in a triangle pattern. This could mean a possible breakout or a possible drop. In my opinion, the second situation is the good one. You can see that there is also an uptrend on the RSI. The price is currently very close from the lowest Bollinger band. It shows that people are selling a lot Bitcoin.
Like yesterday, I will not tell you my prediction because the market doesn't care enough of technical analysis. What I mean by that is that people don't care of supports, resistances, ... That's because of the downtrend and that people are scared to lose their money. Don't forget that it is risky to trade during this period. Patience is the key of every successful traders ( & investor ).
Thank you for your support,
Maxime Desalle
Good afternoon dear traders,
I hope you made some profit today!
The current support is located at 6500 $. There is a resistance at 6650 $. For the MACD, there are two possible situations (and I don't know which one it is): 1. The MACD is in an uptrend or 2. The MACD is in a triangle pattern. This could mean a possible breakout or a possible drop. In my opinion, the second situation is the good one. You can see that there is also an uptrend on the RSI. The price is currently very close from the lowest Bollinger band. It shows that people are selling a lot Bitcoin.
Like yesterday, I will not tell you my prediction because the market doesn't care enough of technical analysis. What I mean by that is that people don't care of supports, resistances, ... That's because of the downtrend and that people are scared to lose their money. Don't forget that it is risky to trade during this period. Patience is the key of every successful traders ( & investor ).
Thank you for your support,
Maxime Desalle
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