Bitcoin is in a critical spot.
BTC
Hello crypto people,
Bitcoin has been in a bear market December 17, 2017. We have seen a huge downfall from then. Enough of the bear talk, Bitcoin is making nice moves here and could potentially be in reversal. There are indicators and trends to support both sides of bear vs. bull. I am seeing our long term trending support being respected nicely with the bounce. We are starting to see higher lows and lower highs. We can expect a big move soon. Our long term trending resistance is becoming in range. I believe we will see a bounce off of that region and back to the trending support just ONE MORE TIME. I am posting this from an unbiased viewpoint but I am sharing what I see. The 3 red lines are our current resistance zones that we really need to pay attention to. If we do not close above these regions soon you can expect us to fall.
You know what they say, scared money doesn't make money. On the other hand it doesn't lose money. Trade safe :)
Hello crypto people,
Bitcoin has been in a bear market December 17, 2017. We have seen a huge downfall from then. Enough of the bear talk, Bitcoin is making nice moves here and could potentially be in reversal. There are indicators and trends to support both sides of bear vs. bull. I am seeing our long term trending support being respected nicely with the bounce. We are starting to see higher lows and lower highs. We can expect a big move soon. Our long term trending resistance is becoming in range. I believe we will see a bounce off of that region and back to the trending support just ONE MORE TIME. I am posting this from an unbiased viewpoint but I am sharing what I see. The 3 red lines are our current resistance zones that we really need to pay attention to. If we do not close above these regions soon you can expect us to fall.
You know what they say, scared money doesn't make money. On the other hand it doesn't lose money. Trade safe :)
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