Bitcoin and my personal indicator (part 5)
Bitcoin from the point of view of personal indicator: currently the price is supported by a strong support level at 26700 and of course, a medium-power absorber has also formed at this level. The price is supported by the next strong support at 26530 and a good support at 26200 and a very strong support at 25330. There is also a strong absorber at 26200. On the way up, there is a strong barrier of 27,777 a medium-power absorber of 28,000, and of course a very strong barrier of 28,200. According to the formed supports, it seems that the possibility of ascent has a significant advantage over the descent. This is a personal opinion for the exchange of opinions and is not a criterion for entry or exit from the transaction.
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My Indicator says that the price of Bitcoin will fall. The strong absorbers that have been created have the ability to pull down the price of Bitcoin even up to 26,200. But for now, it is almost certain until 26,900, and then it is probable until 26,700, and after that, the conditions of the indicator should be checked.
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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.