BTCUSD - Nice bullish move but still bearish
We´ve seen a nice bullish move on the weekend. Over 300$ upward and everybody is looking to the moon. Breaking the little ascending triangle ist definitely a small bullish signal. The upper line of the triangle is the new little resistance which was tested today and i expect an additional move to the area of 4.260/4.330$.
I have to review my bearish attitude when we break the level of 4.400$ for a higher high. After a break of that level we have to wait out if this level will be a new resistance. If we don´t break the neckline and create a higher high there is no reason be bullish on bitcoin.
Don´t get me wrong, i am a supporter of bitcoin but there is no reason to buy at the moment, it is just speculation.
I have to review my bearish attitude when we break the level of 4.400$ for a higher high. After a break of that level we have to wait out if this level will be a new resistance. If we don´t break the neckline and create a higher high there is no reason be bullish on bitcoin.
Don´t get me wrong, i am a supporter of bitcoin but there is no reason to buy at the moment, it is just speculation.
Note
Sorry i did a mistake in the second paragraph. "...will be a new resistance." has to be replaced by "...will be a new support."
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.