راه پیش روی بیت‌کوین چیست؟

After a consolidation of around ~2.5 months and forming strong base, bitcoin has finally shown some super up-moves in the past week which was long expected. Exactly at the moment when price gave breakout above the level of 67300 we got confirmation for the reversal, and instantly we had seen some really big up-moves (36% form the base). Price has shown almost zero retracement while moving up, it was brute momentum at play. which has resulted in very low confidence support levels, however 74000 could be considered as support and 78,250 could act as immediate resistance and above it 82400 is strong resistance.

we are expecting this up-move to continue further in the bullish direction, so moving forward we should be looking for long trades on corrections or breakout of the consolidations, and if it retraces, it's better to wait for bounce back for buy trades then to enter into shorts for odds to workout in your favor and accuracy would be higher when taking trades in the broad direction of the trend.

For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.

Regards CrazyTrades247.