Bitcoin - kapow up or down

Bitcoin - kapow up or down

By vendomodus | Stuff | 2 Jul 2020


Hi, my first post here about TA and bitcoin, so be friendly on comments.

 

I'm making an overview on the daily, and trying to understand how is Bitcoin. Are we bullish or bearish?

For now, my analysis is quite simple. I believe in a healthy correction, still considering bullish trend.

And why?

 

1 - We tested 3 times the trend from the ATH and never broke it yet.

2 - on this last movement, all my short support trend are turning resistance

3 - making a fib on the last move, we can still correct to 0,5 around 7k, or even better for me to the golden zone.

 

95b9a08d67b8b8af4410cbc20fe97134451d76533f02dc11528fb882119a0d97.png

 

let's see where it goes! 7k? 6,2K? That wills till be bullish

 

short analysis from a TA noob.

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vendomodus
vendomodus

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