The bitcoin is correcting after a steep diving now.
Some crucial levels are as follows:
Resistance 1: 8650-8800
Resistance 2: 9340-9600
Support: 7890
Now the price is moving under resistance 1, which manifests that it is weak.
If the price break out resistance 1, it begins to shock in short term and it is much likely to hit resistance 2.
If the price break out the support, it is clear that the market is still much weak.
Plans for trade:
Plan 1: try selling at resistance 1 and aim to the support;
Plan 2: sell at resistance 2 if the resistance is broken out and aim to the resistance 1 level.
Plan your trade, trade you plan!
Some crucial levels are as follows:
Resistance 1: 8650-8800
Resistance 2: 9340-9600
Support: 7890
Now the price is moving under resistance 1, which manifests that it is weak.
If the price break out resistance 1, it begins to shock in short term and it is much likely to hit resistance 2.
If the price break out the support, it is clear that the market is still much weak.
Plans for trade:
Plan 1: try selling at resistance 1 and aim to the support;
Plan 2: sell at resistance 2 if the resistance is broken out and aim to the resistance 1 level.
Plan your trade, trade you plan!