Bitcoin(BTC), Chart Trading Study in 9th July.

kugagood7 (12)in #bitcoin • 6 years ago (edited)

I am analysis only downward trends.

1day candle chart
Yesterday and the chart are not volatile. Currently, it is a triple bottom. It is a marked with an ellipse.
It reset the first peak to $10,650 from the mid-term viewpoint. Yet, it didn't come up to the center of the highest point.
I need more time to get up. I believe.

1hour candle chart
It has encountered a resistance point of $ 7,600. Adjustment is expected. However, it is still previous declining.
Never, price volatility doesn't rise at once. It always has an adjustable of resistance zone.

10minute candle chart
Following yesterday, it is being adjusted in the short term. I think it will fall to the red resistance line.
If you are approaching short-term trading, we can prepare for a loss-cut and trading on the resistance line.
It must respond to the loss-cut.

** Disclaimer: This post is a personal idea, not an investment idea. The transaction is a small transaction, so please enjoy it. It is your responsibility to invest, and you should be aware of subjective judgments and technical analysis to make investments.

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