Bitcoin Trading Ranging $2600- $2900

in #bitcoin8 years ago

bitcoing4.PNG

Techinicals :

Looks like a sideways momentum going forward before it picks the momentum to either side with $2600 on the lower side and $2900 on the upper side after hitting $3003 with premium back on last Sunday.

No technical damage yet as its testing the support zone and quickly bounced back which is positive sign.In case of technical breach to downside will take us $2300 and next $1800 which is most unlikely for now but any push above $2950 with volume will take us to $3500 quickly but looking at the sellers volume also suggests that this will not happen anytime soon.So its going to PING PONG with trading range.

Any change in the price action will definitely keep you posted.

Good Luck
Happy trading