Folks,
Long time about writing about bitcoin.. I am very curious about what the price is going to do, nearing resistance...
Are we going to break it or are we going to BREAK (!!) it?
i hope the second of course..
The signs given by the oscillators are quite normal in the early stage of new impulse moves and bull cycles.. I don't think to worry about it to much.
For later this becomes the starting line of the drawings of the trend lines... Oscillators perform much better at the end of bull cycles..
It is good possible for price to retest import area around $52/53 K. I definitely don't want to see the price go lower than that that would mean loss of strength.
We just have to be patient for now and let the price action do the rest.
Enjoy..
If you like the content hit the like.. and follow for more analysis to come..
Long time about writing about bitcoin.. I am very curious about what the price is going to do, nearing resistance...
Are we going to break it or are we going to BREAK (!!) it?
i hope the second of course..
The signs given by the oscillators are quite normal in the early stage of new impulse moves and bull cycles.. I don't think to worry about it to much.
For later this becomes the starting line of the drawings of the trend lines... Oscillators perform much better at the end of bull cycles..
It is good possible for price to retest import area around $52/53 K. I definitely don't want to see the price go lower than that that would mean loss of strength.
We just have to be patient for now and let the price action do the rest.
Enjoy..
If you like the content hit the like.. and follow for more analysis to come..