Good morning Traders!
Our attention at this moment is certainly around KEY AREA, from our point of view, there will be decided the future (short term) about the pair. That said, even though we have made good gains on the short side in the past, the crypto currencies have never impressed us from the technical point of view (on the contrary, we are fans of the technology behind it), but we know very well that many beginner traders they are accumulating significant losses on these "financial instruments". From a technical point of view, the trend is still slightly bearish on the intraday chart, but a strong boost over the TOP, could change considerably the technical context in the short term. At the moment we do not know what the pair will do, but on the chart we have shown some trendline and technical level in the hope that it will be useful.
WEEKLY CHART IS STILL BEARISH
(click and play on chart)
![[BTCUSD] YEARLY SUPPORTS](https://tradingview.sweetlogin.com/proxy-s3/l/lKKXeazF_mid.png)
![[BITCOIN] LONG TERM ANALYSIS](https://tradingview.sweetlogin.com/proxy-s3/p/Prw5mWjr_mid.png)
If you think this analysis can be useful and you want to receive new updates about this idea, click on LIKE button!
Thank you for support and trade with care!
Our attention at this moment is certainly around KEY AREA, from our point of view, there will be decided the future (short term) about the pair. That said, even though we have made good gains on the short side in the past, the crypto currencies have never impressed us from the technical point of view (on the contrary, we are fans of the technology behind it), but we know very well that many beginner traders they are accumulating significant losses on these "financial instruments". From a technical point of view, the trend is still slightly bearish on the intraday chart, but a strong boost over the TOP, could change considerably the technical context in the short term. At the moment we do not know what the pair will do, but on the chart we have shown some trendline and technical level in the hope that it will be useful.
WEEKLY CHART IS STILL BEARISH
(click and play on chart)
If you think this analysis can be useful and you want to receive new updates about this idea, click on LIKE button!
Thank you for support and trade with care!
Note
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.