BITCOIN
Yesterday candle did a sharp dip almost testing the 7800 and got push back up again by the bulls forming like a possible dragonfly doji or maybe hanging man on day candle. On hourly chart, candles still above the short term trend line and tested it the 3rd times, maybe another dip for the 4th test around 7900 zone. Consolidating within the 200 day moving average and 150 day moving average. Which is also about the short term walls level of 7800 and 8500
Possible small entry for short term pullback on hourly trend line, waiting for the 3 step of the staircase pattern to spark off when the consolidation breakout.
News: -
Short term moving average (day candle) : uptrend, gap closing in supporting candles still.
RSI : -
Depth Chart : (S) 7800, 8000 | (R) 8200, 8500, 8600
Weekly Timeframe : -
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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Nice analysis @onepercentbetter. Follow me back brother for support. thanks
As the old saying goes, "Pigs get fat, but hogs get slaughtered". The buy and hold system you have applied to crypto currencies seems to be the way to go. You provide so much value to this community. Thank you, and here's to your ongoing success! I'm off to read your your post you linked at the end on how to get you to follow me.
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STOPTo support your work, I also upvoted your post!