Bitcoin Analysis

[RachelEB]

Taken another dip and taking out some stop losses no doubt.

 

[sebking1986]

Not completely sure what to make of BTC at the moment. Still bullish on the higher time frame but there is a lot of liquidity to take out around the 30k region.

I wouldn't be surprised if this gets taken out before making it's way upwards.

I'm holding out from buying any Crypto at the moment until we see this break.

This is my problem with it. There are equally good pools above and below price as it stands.

 

[TareqS]

The level of 38K held the price as a level of support and pushed it towards the North. However, the price got bearish again. It seems that it may remain bearish for a while. A bullish reversal candle in the weekly chart may attract the buyers to go long again in Bitcoin.

 

[momo3HC]

The situation is getting more and more boring day after day with BTC.

 

[ForexTus]

The situation is getting more and more boring day after day with BTC.

Yeah definitely agree, I think its the fact that institutional money is now in and that has stabilised it as an asset

 

[bigbax699]

This week's video overview is out now on my YT channel. Feel free to head over and check it out. Appreciate it if you like and subscribe to the channel.

 

[bigbax699]

Good morning all, little update today on the Bitcoin trade entered. If you watch my YT channel you would of seen I was looking to buy again from the demand area, which we previously bought at. As i have said previously i think this demand zone is the current bottom so am happy to buy from here. We did well on the last buy from here. If we get a break out of the trend we could see the trend change. the News was good for us yesterday, but i do think we may fall back and get squeezed into the corner before we move away. So hold if you joined me and if you missed then you may get an opportunity to enter soon if we re visit the demand zone below. Will update again in a few days. GLIYF

 

[sebking1986]

The Fed rate increase looks to have helped this along. Amazing how big financial events can be seen reflected in BTC now

 

[TareqS]

Today's price action suggests that the trendline's resistance may play a vital role to determine Bitcoin's direction. The buyers may have to wait for the price to make a breakout at that resistance to go long in Bitcoin.

 

[ForexTus]

At 34K now it looks like it wants to complete a sell model down to around the 22k mark where there's a pool of liquidity sitting