Bitcoin: Looking for new resistances? Maybe?
Greetings Friends;
In this article I will comment on a possible calculation of price recovery and it's worth mentioning that this article should not be considered as financial advice or anything related. After this storm in the last few weeks we are seeing some sunshine in the crypto world but unfortunately this recent rise does not break the negative trend line as shown in the image below:
Without much theory and just with basic analysis we can see that when touching the resistance 23K and 25K and looking again for 30K possibly this consistency will break the downtrend reversing to an uptrend. Unfortunately the market doesn't follow the rules and aspects of the charts of the In other words, over the years, the fundamental analysis is directly affecting prices, causing the big players to precede movements that could be thought of with a little more calm, creating a panic alert in the market. With the failure of large investment groups, the failure of large projects with huge communities directly affect market prices and as Bitcoin is the sun, other projects will be affected because most of them have a trading pair in BTC.
Not much expectation...
We must wait and follow the maximum information on twitter and in the market because in the coming weeks we will have a more concrete basis of certainty to claim or try to affirm a new trend. What's left for us to do? Just trade cautiously respecting your loss limit and without much greed for unfounded profits.Without much theory and just with basic analysis we can see that when touching the resistance 23K and 25K and looking again for 30K possibly this consistency will break the downtrend reversing to an uptrend. Unfortunately the market doesn't follow the rules and aspects of the charts of the In other words, over the years, the fundamental analysis is directly affecting prices, causing the big players to precede movements that could be thought of with a little more calm, creating a panic alert in the market. With the failure of large investment groups, the failure of large projects with huge communities directly affect market prices and as Bitcoin is the sun, other projects will be affected because most of them have a trading pair in BTC.
Not much expectation...
We must wait and follow the maximum information on twitter and in the market because in the coming weeks we will have a more concrete basis of certainty to claim or try to affirm a new trend. What's left for us to do? Just trade cautiously respecting your loss limit and without much greed for unfounded profits.
Conclusion
We should be grateful to be alive and to be going through this bear market because it's in these moments that we are forged and we acquire the experience and maturity necessary for big future movements with a little more daring.
