Here we are analyzing BTC/USD on the 1D chart.
Continuing to keep a close eye on Bitcoin , price is currently in a free fall after hitting a side-wards at
At current, price is trading at 8801 after a strong down move from the peak on 5th March. Price had a correction after hitting a horizontal resistance at 11610 and has continued downward since. We are now watching for the key levels in this down move, where we can seek a buy opportunity.
Price has 2 support levels it can use for a bounce to the upside. First of all we have the 200 major moving average at 8770, which is around current levels. This itself is a reliable support IF price can find some momentum, in the form of reversal . Secondly, we can keep an eye on the next horizontal support at 7100 for a bounce here.
If the 7100 lower support boundary is breached, we could see lows to as low as 4490.
I will update this analysis when I receive above 40 likes.
"Take too much credit out on yourself, and you end up in debt."
I hope you will be useful too
Never mind, have a nice day :-)
I don't say it in a way of judging you at all, i am not, but in a way that it is better written and it might be clearer for the average joes reading you.
Looks like this March month inspired you lol.
Keep on the awesome work