Hello, Cryptoenthusiast
Some analysis on Bitcoin.
As per weekly timeframe traders should prefer long position till above resistance which is 30500-31000. Indirectly the formation of head and shoulder pattern... Following last daily trendline has broken but price just moving from below the major support is 24980-25880 heading targets of above resistance should be projected.
Analysis for Daily Timeframe traders, they will be scalping for above resistance target with small stoploss below breakout support 27080 should be preferred only for long position following RR 1:2.
Disclaimer : This is not investment idea you can use this for educational purpose.
