Bitcoin Retests Previous Resistance as Support
Hey guys,
I hope you’re having a great weekend. I certainly am 😎. But while forex markets pause, crypto certainly don’t, so let’s have a look at the price action.
We have talked about Bitcoin pulling back into previous resistance turned support and that’s exactly what we’ve seen.
Take a look at the higher time frame chart:
BTC/USD Daily
After the Winklevoss ETF was denied, the market sold off, but the fact that this shouldn’t effect the CBOE’s own ETF application meant that the news wasn’t bad enough to break support.
Look at the bounce on the intraday chart:
BTC/USD Hourly
Quite healthy price action if you ask me.
Have a good one!
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
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done
People need to stop worrying about bitcoin prices so much. Put your money in there and forget it. look back in a few years and profit.
It's just going to keep going up it's not going to just drop to 10$. Eventually, many people end up taking it out and losing money because they're afraid of losing more. Please people just keep it in not only if everyone does this the market will gradually raise more and stabilize at a healthy price it will keep stress off your chest.
done
Or you could trade it intraday and make money on both up and down moves?
What will we do now?
@forexbrokr it is right one. https://steemit.com/bitcoin/@moneymakingguru/ask-your-self-what-is-the-better-from-money
thanks for sharing the information
anyway future sure is crypto and price up ++
Hi @forexbrokr
what would be the next high level for bitcoin in this coming week??
Never worry on bitcoin price, it will stay and moon someday.
Great update.
Eheh everyone expecting Bitcoin to the moon, let's see :)