Bitcoin Stalling For Now
Last post: May 30th 2019. See chart.
Review: Price was looking strong after breaking above resistance.
Update: Price has since pulled back to the daily 50 simple moving average and is now trading back above the $10,000 round number.
Conclusion: Price appears to be in consolidation so we want to see a break above the previous high to confirm a bullish trend.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Review: Price was looking strong after breaking above resistance.
Update: Price has since pulled back to the daily 50 simple moving average and is now trading back above the $10,000 round number.
Conclusion: Price appears to be in consolidation so we want to see a break above the previous high to confirm a bullish trend.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
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