Bitcoin Going Bearish After the Strong Resistance
The Bitcoin has attempted to break the resistance at 11780 twice thus forming the double peak chart.
Source: screenshot from iqoptions
The resistance is so strong forcing the coin to bounce back and move into a strong bearish direction. This is one of the lowest value for the last 30 days.
It is expected to bounce and reverse into a bullish trend in the few weeks hopefully when things get normal and favorable news kicks in. For the meantime it's a good buy and take a long hold position and reap the profits at the right time.
I'm more eager to see the support levels tested rather than the resistance. Look at the shoulders; i believe it should test 7200$ in a matter of week. See my post couple of days ago on this please ☺👍 stay profitable
I agree with your analysis. Can you share your prediction for bitcoin?
Sure, my pleasure: https://steemit.com/bitcoin/@honarparvar/don-t-rush-in-to-btc-trade-wait-for-usd7200
Very interesting. From Kryptonia @colin_sydes.
Hodl and my Kryptonia account is @ianstevenson
cool. kryptonia: bojak_cates
Keep us updated about bitcoin. From jason21 of kryptonia
Interesting article. lykaypajaro from kryptonia :)