BTC/USD forming bullish pattern

in #bitcoin • 7 years ago

After hitting the critical resistance level at 19807, pair hasb been in strong baearish correction. Pair hs already rejected the trend lin supoort level at 10080. forming bullish pin bar.

BTC/USD daily chart analysis

From the chat BTC has clearly respected the trend line and Fibonacci retracement at 38.20%, bulls are trying to take control of the market from the critical support level. Considering all the technical parameters buying the pair at the current price level with a tight stop will be good trade setup.

#cryptocurrency #trading
7 years ago in #bitcoin by
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     7 years ago 

    Good post idk what's happening with BTC atm so i tend to stay a bit away from it at least for now.The play in my opinion is Ethereum or Alt's that have a positive co-relation with Ethereum.

    Here's a TA i did recently have a look let me know what you think. https://steemit.com/trading/@jsonkidd/omg-usd-technical-analysis

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