Bitcoin | Short Term Projection
Bitcoin is currently trading at 11100, seeing as per the data it is trying to break first 11500, n then 11700 , then only it can rally to 12500 or 13k.
Since Bitcoin is winging sideways, i thought of sharing analysis for short term. It is not advisble to jump for short term trades and i never advise to go for short term trades it is only for people who know what they are doing.
So as per today's pattern.
Bitcoin should find heavy support at 11050 n 10500 mark, and then go back upwards.
Looking at chart it is forming a crown pattern and then breaking the upward trend, but again it is 30 min window only. Hence , this analysis doesn't stand for long term projection, Long term projection is still Buy and uptrend.
For short term: BTC will 11050 or 10500 mark and then bounce back to 11500. This retrace is necessary for consolidation.
Long Term: Buy
Short Term: Buy at 11000 and 10500 and wait for trend to reveal more at 11500.
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KryptoTimes
Since Bitcoin is winging sideways, i thought of sharing analysis for short term. It is not advisble to jump for short term trades and i never advise to go for short term trades it is only for people who know what they are doing.
So as per today's pattern.
Bitcoin should find heavy support at 11050 n 10500 mark, and then go back upwards.
Looking at chart it is forming a crown pattern and then breaking the upward trend, but again it is 30 min window only. Hence , this analysis doesn't stand for long term projection, Long term projection is still Buy and uptrend.
For short term: BTC will 11050 or 10500 mark and then bounce back to 11500. This retrace is necessary for consolidation.
Long Term: Buy
Short Term: Buy at 11000 and 10500 and wait for trend to reveal more at 11500.
If you like the post, please like share and subscribe
KryptoTimes
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