Hello everyone, this is a daily review from Liam Webb from CryptoTradingSchoolOnline specially for Neironix.
Today the price has risen out of the buy area it fell into as a result of yesterday’s decline. While the price is now out of the area, it’s still very close to it so we could see another decline into over the next few hours.
At the time of this writing, the bitcoin course was equal to $5074 and the market capitalization was $89 billion.
I’m still a bit hazy as to what the price is going to do next. The fact the rise out of the buy area was only small and didn’t consist of large green candlesticks tells me that another decline, possibly to the blue buy area, may soon take place. However, on the flip side to that, the small rise could just be the beginning of a much bigger one that has yet to begin. There’s no way to tell at the moment, so we’ll just have to watch how things develop.
For now, continue to monitor the price. If the price falls back into the buy area it’s just slightly risen out of, keep an eye out for signs of a reversal i.e big green candles forming. If the price breaks the area and falls into the blue area below, also watch for signs of a reversal.