MOON SHOT'S

BTC SHORT TERM ANALYSIS

Hi Tafans!

I'm very happy to write this blog today because we've seen bitcoin take a step forward after more than a week of consolidation, which gives us hope that the market can still recover, if only for a short time.

As you can see here on BTC's 12-hour time frame, Bitcoin has formed a potential Butterfly Pattern. The realistic target for this pattern is 17392.9 to 18120.1, but BTC needs massive buying volume to reach this Potential Range.

Remember that volume is the key to any trade, whether it's a bearish trade or a bullish trade.

Now to the indicators;

• THE RELATIVE STRENGTH INDEX

is still in order and suggests that the market still wants to push upwards

• THE STOCHASTIC RSI

is a little bearish and suggests a small pullback

• THE MOVING AVERAGE CONVERGENCE DIVERGENCE

looks like it wants to pump like crazy

Disclaimer this isn't financial advice What I do is very risky and nobody should copy me.

This battle is also between bulls and bears, so make sure you ride the right train by always following the right market trend

Reminder: the trend is your friend.

Don't have a good day have a great day.

Blog Author: John Daele Bandilla