Let's get to the news guys, here you will find the best news related to trading for you.
Study the graph.
Bitcoin follows the forecast, the price being held by the old support (uptrend line) and still operating above all moving averages. The movement begins to become significant as it approaches the end of the day and pricing begins to position the 50-period moving average as support. The important thing at this moment is the patience to wait to enter good positions, a good buy would be good at this considering the confluence of several factors, but we need to check for a breakout of this bullish line. The market may want to postpone the higher price until later when only one resistance will remain (the channel tops), but we cannot rule out the possibility of an early breakout of the two resistances. We continue to watch closely, these are important movements.
Possible targets:
- Up: 66689 R1, 69120 R2
- Down: 63335 (Fibo 0.786) S1, 62612 (MA 100) S2, 62403 (MA 20) S3
Note: The content above is for informational and study purposes and is not an indication of investments, purchase or sale of assets. It should not be used for commercial purposes and is not consultancy or advisory content. For more information, contact the post administrator.
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