Hey Guys!
Another day another dollar in the market of cryptocurrency. Honestly I am more bearish natural because I like buying at a much lower price because there is much more to gain. But I have been very interested in bitcoin this whole month because the amount of volume that has been flowing through the market. Like I stated in my last post I am very bullish at this point going forward into the month of February. Going on o the technical analysis now this is my set up for the day, I believed the highest bitcoin will go is to $9,700 to $9,800 ranges before hitting a HUGE resistance. If that happens then it will confirm my channel that I believe is forming and bitcoin will try and find support around $9,000. The next few days will be the correction of bitcoin before retesting $9,800 to $10,000.The RSI and MACD are showing very strong signs of bitcoin losing steam and that's why I believe the correction about to happen.
P.S try not to get liquidated
Another day another dollar in the market of cryptocurrency. Honestly I am more bearish natural because I like buying at a much lower price because there is much more to gain. But I have been very interested in bitcoin this whole month because the amount of volume that has been flowing through the market. Like I stated in my last post I am very bullish at this point going forward into the month of February. Going on o the technical analysis now this is my set up for the day, I believed the highest bitcoin will go is to $9,700 to $9,800 ranges before hitting a HUGE resistance. If that happens then it will confirm my channel that I believe is forming and bitcoin will try and find support around $9,000. The next few days will be the correction of bitcoin before retesting $9,800 to $10,000.The RSI and MACD are showing very strong signs of bitcoin losing steam and that's why I believe the correction about to happen.
P.S try not to get liquidated