Hey folks,
The aim of this analysis is to provide you a daily snapshot on the price action of Bitcoin . (buyer vs. seller sentiment)
I will also be uploading a YouTube video shortly to go through my analysis in greater details.(link below)
Summary of latest BTC price action:
Stay safe and invest wisely my friends!
**Please note that this is my personal opinion and does not constitute as financial advice.
The aim of this analysis is to provide you a daily snapshot on the price action of Bitcoin . (buyer vs. seller sentiment)
I will also be uploading a YouTube video shortly to go through my analysis in greater details.(link below)
Summary of latest BTC price action:
- Hourly downwards pressure remains in control. Current price is reacting to 0.786 FIB retracement level, which will likely form lower high.
- If that happens price is likely going to retest 46700 level, with high probability of successful breakout. *Key here is to lookout for false breakout scenario which might signifies Seller Exhaustion.
- As Daily swing pattern remains positive, a high probability buy opportunity is likely to present itself at 45722 level. *To be careful of sharp drop due to retail FUD. Only looking to enter after price stabilized
Stay safe and invest wisely my friends!
**Please note that this is my personal opinion and does not constitute as financial advice.
YouTube Channel: TraderDex