Quick update and important. This will not change the broader market picture and our view. The market will continue growing long-term.
Here Bitcoin is showing a strong rejection on the daily timeframe coupled with a lower high and rising bearish volume. This can lead to some bearish action. This bearish action can be considered part of the consolidation period below resistance. As Bitcoin moves sideways, fluctuates, the altcoins market should continue to grow.
The bullish bias will be revealed based on the fact that day after day, many new altcoins will continue to break up.
The consolidation period for Bitcoin to break above $112,000 was 48 days. It's been 28 days since Bitcoin challenged $123,000. Do not be distracted, Bitcoin will continue to grow.
If you have any questions, feel free to leave a comment.
» If there is any altcoin you would like me to look at, just leave a comment with the trading pair ticker and I will do a full analysis for you.
Thanks a lot for your continued support.
Namaste.
Here Bitcoin is showing a strong rejection on the daily timeframe coupled with a lower high and rising bearish volume. This can lead to some bearish action. This bearish action can be considered part of the consolidation period below resistance. As Bitcoin moves sideways, fluctuates, the altcoins market should continue to grow.
The bullish bias will be revealed based on the fact that day after day, many new altcoins will continue to break up.
The consolidation period for Bitcoin to break above $112,000 was 48 days. It's been 28 days since Bitcoin challenged $123,000. Do not be distracted, Bitcoin will continue to grow.
If you have any questions, feel free to leave a comment.
» If there is any altcoin you would like me to look at, just leave a comment with the trading pair ticker and I will do a full analysis for you.
Thanks a lot for your continued support.
Namaste.
Trade active
Notice here both black lines, the big one and the thinner one: Bitcoin is now on the second rejection and this is pretty bad. If Bitcoin closes below $119,900 we will get a retrace or correction. The first rejection happened 14-July and another rejection now would mean bearish confirmation. This would mean lower prices and the market continues to grow long-term. This can cause marketwide bearish action, but also many altcoins will continue to grow. It is still too early to say.
The way the chart is looking today, Bitcoin is going down.
Namaste.
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🚨 TOP FREE Trades
ETH +2050% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +580% · SOL +687%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6681
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
ETH +2050% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +580% · SOL +687%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6681
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
Related publications
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.