Bitcoin bounced at the key support zone of 5.5k and has closed with 2 bullish daily candles in a row, which could indicate a potential for a larger bullish reversal.
This video analyses 2 main scenarios where price is breaking above resistance or bouncing at the previous support.
Ethereum and Ripple are also analysed in this video.
Check out the video for the full analysis and trade plans on 8-11 February 2018:
- Technical analysis
- Review of patterns, trends, key S&R levels
- Explanation of potentrial trade ideas both up and down
- Beginner friendly, explaining concepts in more detail