Bitcoin is still neutral

December 1, 2018

#BTC 1d
On a 1-day scale, still in the neutral zone to choose a further direction. After a strong fall, the chart shows a reversal candle, after which the market received an impulsive upward break. Now we have rolled back after him, which is quite natural and a similar scenario was considered in past posts. The upper tail of the reversal candle and the lower correctional one form an important level around 3940, which is a dense support and in case of a breakdown below we can get a more bearish market and a continuation of the downward trend. In general, Bitcoin continues to show bullish sentiment and tends to resistance higher, in the case of overcoming which, we will get a further wave of growth. To decide to open a long or short, you need to do after the price leaves the neutral range.

All the articles