Bitcoin. Short and Long term views
Hello guys!
Lets start from the 4H chart.
Today we have seen small downside movement in the channel. People have been stressed enough for the last half year of a correction and each $200 up or down crucially change overall mood. It's a big mistake and good period for daytraders.
RSI and Stoch RSI give us sign for upside movement. Maybe we will see small dump to 5800-6100 before pump and get a Bullish Divergence similar to 22.06-24.06 period.
I can clearly say if Bitcoin stays in the price channel It will easily reach 1st Resistance and most likely we'll touch a Strong Resistance
1W long term view
At the end of July Bitcoin will decide it's future direction.
Ordinary people have a wet dream about growth
Whales have a strong target to shake your hands as much as possible and buy cheap Bitcoin.
And nobody can't give you 100% answer on the Question of The 2018 Year "Is it bottom?"
If you are a hodler - just close charts and come back in 2019 for taking profit.
If you are a trader all you can do is to spectate and predict possible directions.
So If Bitcoin doesn't break 8000 in next 3 weeks - prepare for 5100.
Lets start from the 4H chart.
Today we have seen small downside movement in the channel. People have been stressed enough for the last half year of a correction and each $200 up or down crucially change overall mood. It's a big mistake and good period for daytraders.
RSI and Stoch RSI give us sign for upside movement. Maybe we will see small dump to 5800-6100 before pump and get a Bullish Divergence similar to 22.06-24.06 period.
I can clearly say if Bitcoin stays in the price channel It will easily reach 1st Resistance and most likely we'll touch a Strong Resistance
1W long term view
At the end of July Bitcoin will decide it's future direction.
Ordinary people have a wet dream about growth
Whales have a strong target to shake your hands as much as possible and buy cheap Bitcoin.
And nobody can't give you 100% answer on the Question of The 2018 Year "Is it bottom?"
If you are a hodler - just close charts and come back in 2019 for taking profit.
If you are a trader all you can do is to spectate and predict possible directions.
So If Bitcoin doesn't break 8000 in next 3 weeks - prepare for 5100.
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