BTC ANALYSIS THIS IS HELPFUL FOR TRADERS
MAIN POINTS:
1- Coin was extremely overbought and was out of the upper limit of Bollinger band which suggests, a pullback back to the range was inevitable.
2- RSI was also extremely overbought and had to come back in range.
3- Coin has entered in range, and took solid support at median line of BOLLINGER BAND and also the support level of pitchfork.
4- RSI also approaching towards median line which may provide a solid support.
5- Coin formed a PIN BAR (sign of rejection) at median line earlier, which shows a STRONG SUPPORT LEVEL around $8500 - $9500.
6- I will add my funds in BTC around $ 9500 assuming stoploss closing of ONE DAY CANDLE below $ 7500 and target $ 18000.
FOR DAY TRADERS
📌T..A BTC/USD
🔵Expecting BTC will bounce AROUND 11k area .
🔵If BTC didnot bounce AROUND an area of 11k we may face BLOOD BATH🏮
🔵HOLD ONLY STRONG F.A ALTS COINS .
✌💹#NOTE
"Dont sell any ALT COIN FUD WILL BE CLEAR In 2 DAYS & STRONG ALTS WILL BOUNCE BACK".
🔵 COIN MARKET CAP CONTINOUSLY FLUCTUATING BETWEEN 51 -55 BILLION ZONE.
TOP VOLUME
GOODLUCK..!