Bitcoin: First cloture below 6000 USD.

Bitcoin still fails to leave its bearish channel, and buyers have just lost a new battle: Last night we closed below the $ 6,000 USD in Daily.

Bitcoin

Highlight Keys

  • Uncertain signals
  • Closing under 6000 USD
  • Bearish channel

Buyers must imperatively return to the 6000 USD as soon as possible.

All our analysis are entirely done on Binance Charts

The support at 6000 USD is a major hub. The sellers closed under the support. This is a sign of weakness of the buyers, and therefore a potential precursor sign of a new fall. If we go back the 5800 USD, then the correction will resume to lead us to the next support at around 5500 USD. On the other hand, if the buyers manage to pass the 6000 USD, it is a double bottom that will have been formed and a strong rise could follow, the operators interpreting it as the bottom of the correction. We will be fixed during the weekend, Bitcoin must return the 6000 USD as soon as possible.

Comment se positionner ? 

The trend is uncertain, to be safe, it is necessary to wait for Bitcoin to leave its bearish channel, and reinvest in the direction of the dynamic resistance to 7800 USD. In the short term, investing in the range between 5800 and 6000 USD remains far too risky. It is necessary to wait for a new exit at 6000 or a fall below 5800 to resume an upward or downward position. Today, a little day trading remains possible between 5800 and 6000 USD but it will arm the stop loss.

Should we expect a new correction? 

The support to 6000 USD has been passed, the last support is around 5800 USD, we are clearly not immune to a recovery of the correction.

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Key Levels  : 

  • Essentials resistances :  6000 – 6200
  • Essentials supports :  5800 – 5500 

 

 

 

 

 

 

 


Disclaimer: This blog is only the showcase of my work. I expose to you all my personal analyzes, my personal trades, my personal investment decisions, or the positions that I judge good without taking them myself. We do not offer any investment advice and they are not trading instructions. Nevertheless, you are free to copy my judgments if you judge my work satisfactory

It is important to note and understand that cryptocurrency trading carries serious risks. You can lose capital, see more on some platforms. Take this into account and moderate your investment decisions. Never invest money that you can not afford to lose!

Reminder: The analyzes on the page cover a period of 12 to 48 hours and are optimized for Day Trading and not the long position. We give our long positions on our youtube channel.

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