Very volatile Bitcoin and still in a bearish trend. Yesterday it touched a low of 28784 and then immediately recovered to form a hammer with a maximum of 33311.
This high has been broken to the upside and should represent the continuation of a small uptrend.
At the time of writing the quote is 33913, we can expect an extension of up to 0.236 Fibonacci: 36100.
The 0.382 Fibonacci 41600 also represents a static resistance made with the June 14 max. So far it has not been able to overcome it.
Dominance of BTC is 45% ETH 17%
Chart courtesy of tradingview.com
A multyday strategy would be to buy around yesterday's highs with a stop loss on yesterday's low.
Always remember that I am not a financial advisor and this is just my idea.
Meanwhile, I report the tables with the levels for intraday trading on BTC and ETH:
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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.
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