BTC Analysis; Crypto Analysis; Crypto To The Moon Series.#70

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2 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Topics: Crypto currency, BTC, Crytocurrencies

DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.

BTC 1D Timeframe

Using the 1D timeframe, we can definitely see as though we are about retesting on a support zone, if there's a successful retest then we're going bullish. But the question is what are the chances of actually going bullish on BTC, I'll say it's pretty low as of now.

I personally think that the above support zone won't necessarily be acted upon and we're going to be breaking it. Hopefully we don't take the bearish movement too far though.

BTC 2h Timeframe

We seem to be going bullish over here on the 2h timeframe, the analysis shows that we'll soon be enrolling in a bearish run for sometime the reason been that we just retested on a resistance zone which is close to the $40,000 mark.

The M.A says we're bullish, I'll say yes,we are.. But not for so long Due to the fact that we're not necessarily going to be acting on it for so long.

The next support zone is on the $39,129 zone which could be our next stop hopefully as we go bearish.