It's a weekend, so you need to be even more careful.
Bitcoin's price is squeezing more and more and in the next few hours we are going to find out what can happen to this market.
My opinion is that it is going to drop. Why?
1. Price is fighting a resistance on the Bollinger Bands' middle band.
2. There is a Static Resistance formed by Fibonacci.
3. There is a Dynamic Resistance formed by the market behaviors which has made a breaking triangle.
4. There is NO BUY VOLUME: all platforms are showing a strong sell for bitcoin right now.
But we still have a Dynamic Support on the lower end of this triangle which might help holding the price up.
So for the next few hours, hold on and don't do any emotional trades.
Current Market Price: $37777
Good Luck
Tell me your ideas. Like and Share
Bitcoin's price is squeezing more and more and in the next few hours we are going to find out what can happen to this market.
My opinion is that it is going to drop. Why?
1. Price is fighting a resistance on the Bollinger Bands' middle band.
2. There is a Static Resistance formed by Fibonacci.
3. There is a Dynamic Resistance formed by the market behaviors which has made a breaking triangle.
4. There is NO BUY VOLUME: all platforms are showing a strong sell for bitcoin right now.
But we still have a Dynamic Support on the lower end of this triangle which might help holding the price up.
So for the next few hours, hold on and don't do any emotional trades.
Current Market Price: $37777
Good Luck
Tell me your ideas. Like and Share
