Top 3 Price Prediction Bitcoin, Ethereum, Ripple: How to trap a hungry bear
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Loading... - Sarah Kwaka
- 11 Aug 2022
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The crypto market moves higher. Placing a countertrend short is still ill-advised. Higher targets remain possible for all assets.
Bitcoin fools early bears
Bitcoin price tests an ascending trend line for the third time as day traders take advantage of the intra-hour bullish momentum. Previous outlooks have consistently advocated against being overly bearish as choppy out-of-nowhere price movements could likely ensue based on the ascending wedge formation around the Bitcoin price.
Bitcoin price currently auctions at 23,905. There is a clear bearish divergence on the daily chart, prompting the sellers to aim for lower targets consistently. Still, the liquidity levels at $24,800 and $26,950 have not been breached. An ideal bearish scenario would be a breach into this level accompanied by a bearish volume profile pattern and RSI divergence. Read More...
