What is Bitcoin trying to do?
It looks like Bitcoin might be trying to consolidate around this 20000 dollar level for some time. It recently made lower highs which tells me it might just break down further. But some buyers have stepped into bitcoin once it dipped to around 17000 so we will see if this little pump up is a fluke soon. If we can get above this range highlighted by the yellow lines then things will look a tiny bit more bullish for BTC. It might even be a short term bottom if we can climb that high as it might attract more buyers. But then again the environment does not look good for risk assets yet so any uptrend may be short lived.
Here is a closer look so you can see through all of the clutter.
Above yuou can see how the volume is rising drasticly day by day. It is the largest volume rise in a while. This is conducive of a bottom. But I will need a litt more convincing before I can go bullish.
$Ethereum(ETH.CC$ $Terra(LUNA.CC$ $Dogecoin(DOGE.CC$ $SPDR S&P 500 ETF(SPY.US$ $MicroStrategy(MSTR.US$ $Coinbase(COIN.US$ $Riot Platforms(RIOT.US$ $Marathon Digital(MARA.US$ $PROSHARES SHORT BITCOIN STRATEGY ETF(BITI.US$
$Ethereum(ETH.CC$ $Terra(LUNA.CC$ $Dogecoin(DOGE.CC$ $SPDR S&P 500 ETF(SPY.US$ $MicroStrategy(MSTR.US$ $Coinbase(COIN.US$ $Riot Platforms(RIOT.US$ $Marathon Digital(MARA.US$ $PROSHARES SHORT BITCOIN STRATEGY ETF(BITI.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Trade the trends via technical, fundamental, and macro analysis. Day Trades, swing trades, and long-term investments.
16KFollowers
2948Following
28KVisitors
Follow
102640653 : Alibaba in hongkong now at 106.30 . If it can hold n climb I suppose it’s a break n next level 112-113. Just need u see the charts of Alibaba in hongkong
SpyderCallOP : I just made a short post about the charts for 09988. check the comments on that ticker. it is looking good because it blasted through that 106 level with momentum. the volume isnt impressive so we need to wait and see if this lift can sustain itself. My next major level is 109'ish. then the 116 is the next major zone to get above
SpyderCallOP 102640653: but baba is looking really good in hong kong for sure. im liking what i see so far. i hope it can hold
102640653 : Bought into Mara n riot after selling baba