What's next for Bitcoin in the short term?

What's next for Bitcoin in the short term?

By ModernEuler | Moderncrypto | 23 Jun 2019


In the previous formation, BTC formed a resistance at $9361,

But BTC tried and failed five times to get above that level and formed higher lows. 

 

Right now, we need to observe BTC very carefully.  

30 EMA is acting as a support. 

$11,160 is acting as a resistant.

BTC tried and failed twice to get above the resistance ( $11160) and is forming higher lows.

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So, here is the strategy:

If BTC tries to get above 11160 level at least three times, and form higher lows during this time,

buy BTC once we break 11160 and put a stop loss at this level. 

 

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ModernEuler
ModernEuler

A crypto and blockchain enthusiast and blogger. Writing about Crypto and trading since 2017. I cover the topics including crypto news, trading suggestions, chart analysis, etc. Follow me on Twitter @cryprostream


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