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Tuesday, October 6, 2020

brief TA on bitcoin

brief TA on bitcoin

Bitcoin / TetherUS BINANCE:BTCUSDT

Bitcoin is currently stuck in a tight price channel , red vertical(slant) line represent the resistance, while the green vertical(slant) line represents the support.
A possible breakout should see price go high up to $14,000 while a possible breakdown might see price go as low as $8,000, before any relief.
In crypto-trading bitcoin controls most of the other altcoins especially with correlation being at all time high, hence it dictates the direction which this coins will go.



from Trading Ideas https://ift.tt/3dbR85B
via gqrds

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