Bitcoin: War of the bulls and bears (14.05.2020)
The price has risen according to the main scenario, which predisposed to the end of the correction and the formation of wave 5.
At the moment, due to the fact that the price is still in a wide range, another 1 alternative has appeared, which can still provoke a wave of sales.
To activate the sales scenario, you must violate the rule of the main scenario - touching the level of 8980.
For a shopping scenario, it’s worth focusing on 8980 as the stop loss level for long positions.
The key level of support for purchases is at 9300-9150.
Detail: an upward movement from 9000 is accompanied by the liquidation of short positions every 100 dollars of the price move above.
At the moment, due to the fact that the price is still in a wide range, another 1 alternative has appeared, which can still provoke a wave of sales.
To activate the sales scenario, you must violate the rule of the main scenario - touching the level of 8980.
For a shopping scenario, it’s worth focusing on 8980 as the stop loss level for long positions.
The key level of support for purchases is at 9300-9150.
Detail: an upward movement from 9000 is accompanied by the liquidation of short positions every 100 dollars of the price move above.
Related publications
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.