BITCOIN CRASHING, WILL WHERE PRICE FIND SUPPORT? NEXT TRADE!
After failing to hold the 200MAs at 33.8K, I mentioned in yesterday's post that I would flip to short term bearish if price closed below 33.7K. Upon the 1st candle close below 33.7K, price collapsed down to 32.6K.
The two areas for potential trades are the 200MAs @ 33.6K for a potential short and the horizontal support @ 32K for a potential long. As always, we will need to wait for candlestick, price action, and volume confirmation, as well as any chart patterns, before we enter into a trade. I do not blindly place orders in those zones without first seeing confirmation.
Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
The two areas for potential trades are the 200MAs @ 33.6K for a potential short and the horizontal support @ 32K for a potential long. As always, we will need to wait for candlestick, price action, and volume confirmation, as well as any chart patterns, before we enter into a trade. I do not blindly place orders in those zones without first seeing confirmation.
Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
