The Game of Charts-Bitcoin, $8000 soonsteemCreated with Sketch.

in #steemit • 6 years ago

"The chart speaks louder than words"

Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time.

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Timeframe: Four hourly
Sentiment: Bullish
Price action: We may see some retracement
Resistance levels : $6800- $6850
Target: $8000
Entry: $6897 (long)
Stop loss: $6606 (or even lower as preferable)
Take profit: $7650 (75%), >$7500 (25%)
RR ratio: 2.61

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Video of this TA:

Any thoughts on technical analysis of BTC are always welcome in Comment Section. If you find this article useful then do consider an Upvote.

Thank you.

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Legal Disclaimer:
This is purely a technical analysis and it is to be used for educational, entertainment purposes only. This is not a financial advise to buy or sell Bitcoin and I am not a financial advisor. Do your own research before investing.
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#youtube #bitcoin #technical #analysis
6 years ago in #steemit by
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     6 years ago 

    Do you really think that BTC is going to hit that?

    [-]
     6 years ago 

    We can only speculate bitcoin's price action. It can hit $8000 but it needs to break the $6800 resistance level with some decent volume. Otherwise, it can head downwards.

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