Traders hedge for a Bitcoin drop below $100,000?
Meanwhile, Bitcoin is rising trading above 115K. Resistance turned support.
The last all-time high turned out to work as support this time.
The retrace from 123,000 to 115,000 amounts to a 6.5% decline, which simply means that Bitcoin is trading at or near resistance. Staying close to resistance after a new all-time high is major signal of strength. A bearish signal would only become real if a high volume drop develops or Bitcoin closes weekly below 110,000. This isn't happening right now so the bulls win.
Are you a bull? You win.
I am a bull. I win.
👉 As Bitcoin continues bullish the altcoins market will continue to grow. Knowing this, which one is your Top Altcoin Choice?
👉 Leave a comment with your favorite altcoin.
I will do a full analysis for you and publish in my profile.
If the chart doesn't look great, I might reply right here in the comments section.
Thanks a lot for the continued support. It is appreciated.
Let's play again.
Let's trade again.
Together we can win.
Success, profits and growth long-term.
Namaste.
Meanwhile, Bitcoin is rising trading above 115K. Resistance turned support.
The last all-time high turned out to work as support this time.
The retrace from 123,000 to 115,000 amounts to a 6.5% decline, which simply means that Bitcoin is trading at or near resistance. Staying close to resistance after a new all-time high is major signal of strength. A bearish signal would only become real if a high volume drop develops or Bitcoin closes weekly below 110,000. This isn't happening right now so the bulls win.
Are you a bull? You win.
I am a bull. I win.
👉 As Bitcoin continues bullish the altcoins market will continue to grow. Knowing this, which one is your Top Altcoin Choice?
👉 Leave a comment with your favorite altcoin.
I will do a full analysis for you and publish in my profile.
If the chart doesn't look great, I might reply right here in the comments section.
Thanks a lot for the continued support. It is appreciated.
Let's play again.
Let's trade again.
Together we can win.
Success, profits and growth long-term.
Namaste.
Trade active
Bitcoin Update & The Altcoins MarketBitcoin is doing awesome and today's action confirms the bulls are back in the game. I was calling it early but today we are full green and back to baseline level from the ATH range. Here is the chart:
The next main target is $130,000. Bitcoin is already on the path to hit this major milestone. You know what happens with the altcoins as Bitcoin moves toward $130,000 and once it reaches it? Huge bull market explosion but this will not be all. Remember, Bitcoin is going higher with $155,000 being the main target on a higher timeframe.
Immediately of course we are going to be facing resistance between $120,000 and $123,000. Here is how this works. This resistance can result in some days it being challenged, it can last also weeks but this time a retrace is not likely. This time we are likely to see Bitcoin pressing at resistance until it breaks.
All is good and everything looks great. We are about to experience the most amazing phase of the cycle, the build up to the bull run... Leave a comment with your favorite altcoins, the market is set to grow.
Namaste.
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🚨 TOP FREE Trades
ETH +1450% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +563% · SOL +658%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6499
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
ETH +1450% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +563% · SOL +658%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6499
🚨 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.