BitcoinUpdated BTC trade idea
It looks like a Double Bottom pattern is forming.
If it is formed, it signals growth, besides, buyers in the market are felt. Most likely there will be hikes to the resistance level and possibly a pulsed movement up to 9000.
In another case, the price will not be able to break through the resistance level of 8870 and will decline to the blue zone (old consolidation zone 8555-8680).
If it is formed, it signals growth, besides, buyers in the market are felt. Most likely there will be hikes to the resistance level and possibly a pulsed movement up to 9000.
In another case, the price will not be able to break through the resistance level of 8870 and will decline to the blue zone (old consolidation zone 8555-8680).
Trade active
XBTTook a long : 8890 - 8950 - 9000 - 9100.
Stop 8660.
Trade active
After the third touch of the price to the resistance level of 8870 there will be either an increase in value or a decrease and a set of positions with further growth.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.