Long
BTC: Confluent Resistance May Pose Short-Term Head-wind
Quick Analysis for BTC
We have what seems to be a huge confluence of resistance trendlines at 15800. The bears might hold this area strong and consolidate price a little further until these resistances begin to break apart.
BTC seems to be in a cycle and their cycles can be extremely overextended so Indicators aren't the most useful on BTC.
With all of the uncertainty going on. BTC may be come a safe haven. It hasn't historically acted that way, however, the decentralized currency platform may be extremely attractive.
Also, BTC has been getting a lot of hype, rightfully so, but this has also added to the parabolic trend we're experiencing.
BITBAY:BTCUSD
We have what seems to be a huge confluence of resistance trendlines at 15800. The bears might hold this area strong and consolidate price a little further until these resistances begin to break apart.
BTC seems to be in a cycle and their cycles can be extremely overextended so Indicators aren't the most useful on BTC.
With all of the uncertainty going on. BTC may be come a safe haven. It hasn't historically acted that way, however, the decentralized currency platform may be extremely attractive.
Also, BTC has been getting a lot of hype, rightfully so, but this has also added to the parabolic trend we're experiencing.
BITBAY:BTCUSD
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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.