Simple bitcoin charting
Hi there again, guys.
A little update here.
Bitcoin could not break the merge of 2 resistances (Channeling down and 110 days moving average ) @ $11500.
It was corrected around 10% yesterday.
If bitcoin is to break up, it needs to go up to at least to $11800 to confirm the bullish case.
If it is to go follow the channeling down pattern, the target price is $ 7000.
Tell me what you guys think!!
very nice for this info
Upvote brother
thank you.
BTCUSD 3.59% update: Since the bearish pin bar off of the 11700 area price, has been retracing and has tested the 9600 level to produce a spinning top formation.
This can be the beginning of the next bullish leg which can test the 11700 peak or higher. In order to justify a long position, I would wait for particular conditions to unfold first.
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