Bitcoin Analysis (BTC/USD)

in #bitcoin • 5 years ago

TUESDAY
21-JAN

Price is consolidating following the rally and after reaching the S/R level above $9,000.
This level is also the top of the recent daily trading range.

Price rejected the highs on Sunday and created a failure swing with lots of longs liquidated during the drop.
Shorts could be considered if price rallies towards the top of the range.

On LTF, lots of stops are resting above the current range.
If the recent highs are broken, this could be a bull trap followed by another selloff.

#btcusd #cypto #cryptocurrency #trading
5 years ago in #bitcoin by
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