Bitcoin analysis - 31.10.2018
Hi, fellow Steemians,
Let's have a look at the Bitcoin chart here:
As Bollinger Bands are getting tighter, and volume is decreasing, I would expect a sideways movement to continue more. However, there is two possible scenario:
- Bullish: Bitcoin will move up to the first resistance, the $6330 level
- Bearish: A dump to the lower support at $6210
Right now, I am 60% Bullish. However, to be sure, I will not trade within this area, instead, I will set up my Long position after Bitcoin break out or Short position for the same situation. Setting up your order right now is quite risky.
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BTC//USD Bitcoin October 2018 looking into 2019
Considering Bitcoin has maintained a $6,000 support ...
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