Hard to say much. Price in sideways to meet resistance near 7300-7400. Will see what will happen after reaching it. Support zone S1 — 7000. Support zone S2 6800. Support zone S3 — 6700.[/I] Reduce leverage level while we going sideways.
Stay profitable. This is ArtemCrypto
Note
this idea is a part of
Note
bitcoin dominance, and why altcoins can go up in this idea
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Price without surprises reached resistance zone. There is 2 resistances 1. Level and reversal zone which I marked with gray. 2. Dynamic resistance from descending triangle. To level resistance we already have reached. To triangle resistance it needs more sideways untill reach it.
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Price surged from resistance of 7300 and now at dynamic support of Rising Wedge
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Break to 7000, take partial profits here.
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Hey again, there is 2 strategies for current situation:
1. Price of Bitcoin can go uo to 7125 and retrace to 6800 zone. 2. Bitcoin can go up to 7240 local resistance on this move and retrace to 6800 zone.
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