The last two days we can see an increase in trading volume on the market to 35 billion. Bitcoin touched the psychological price of 4000 and was not fixed at this price. Now we are moving in a triangle. and each line of resistance is a point for taking profits or opening a short for big players. The news background is good now, but there is no one news for a trend reversal. I still do not believe that this is a reversal. so be careful dear traders RSI - overbought We are above MA50,100,200
Agreed. We are ahead of a multi-month consolidation but as long as the 3200 bottom stays intact this is what the long term picture looks like:
rkothwala
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I'm shorting now and trying to enter again in 35XX-36XX range.
JatinAjwani
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1900 is in paly
TradeIndicators
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Looking at the same trendline you drew at the top resistance. Could be at the top of this bull run and then a move back down. Thanks for the great TA man! Here's what we're looking at.
magimuffin
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I like the interpretation. Anyone able to critique mine as well? Thanks in advance
Monfex
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Agree with your analysis.. It is condensed and constructive.
I’m similarly bullish on Bitcoin over the medium-term.
I recommend entering LONG now and waiting for a new rally expected to take BTC/USD to a new high above $4,200.
weslad
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Guys shorting BTC now seems great idea with overall bullish market sentiments.