Hey guys,
You know what. This is something a little different and probably unexpected, but I’m feeling good about crypto.
I know, weird right? Everything seems to be crumbling and I’m all of a sudden feeling positive?
Well to be fair, it’s not that odd. I’m a technical trader and after being positive about bitcoin sitting on support while at this zone last week, I do just see this latest drop as a short term retest of previous resistance as support.
First up, check out the following zoomed out view:
BTC/USD Daily 1
If you haven’t been following the blog, then this zone is the one I have been, and am referring to again.
Now this is the same daily chart, just zoomed in for clarity:
BTC/USD Daily 2
Do you see what I’m looking at now?
If you were bullish on the higher time frame support zone last week, then you have to be still bullish on this short term pullback. Because if that’s the setup you were trading, then this is what you’ve been waiting for.
Pull the trigger.
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
it's time to grow up in bitcoin
Yep, still plenty of growing for the market to come!
Positivity and patience is all you need in bitcoin .
Maybe not everything, but it's a big part of it.
Be the bitcoin predictor by commenting on following link.
https://steemit.com/bitcoin/@anku31387/make-your-bitcoin-prediction
im selling magic beans for buttons
Can I buy some????!!!!
i believe that the btc is going to hover around this price for a while before going on a small bull run till 7300 dollar as per my analysis!
although i can be definitely wrong too :)
Haha so you're saying you have no idea?
Just use the levels that price is at to manage your risk instead of making calls.
i think you read my statement wrong!