Bitcoin
Updated
On the chart, I showed several patterns of technical analysis that worked like in a book. Now we have formed a bull flag, it is also a pattern of the continuation of the trend. But I see the situation has slowed down. Many fix positions in order to redeem at a lower price. I see strong support around 900-9200.
if you look at the statistics of longs / shorts of the most liquid bitmex platform. then we can see that long is 70% and short 30%. Therefore, I think most of the positions will be closed or liquidated if there is a good downward movement. and it is possible with this elimination will be a falling knife that will need to be caught.
After we break out resistance line of bull flag we will grow
Because closer to May there will be euphoria and maybe it will be a good opportunity to buy bitcoin and other altcoins a little cheaper before the flight
In general, the picture that I see I like in BTC chart and another top altcoins
The media continues to work to the fullest.
The Simpsons, with their unrealistic predictions, released a video about cryptocurrency.
All bullish
And if we look at the monthly chart everything will become very clear
Best regards EXCAVO
if you look at the statistics of longs / shorts of the most liquid bitmex platform. then we can see that long is 70% and short 30%. Therefore, I think most of the positions will be closed or liquidated if there is a good downward movement. and it is possible with this elimination will be a falling knife that will need to be caught.
After we break out resistance line of bull flag we will grow
Because closer to May there will be euphoria and maybe it will be a good opportunity to buy bitcoin and other altcoins a little cheaper before the flight
In general, the picture that I see I like in BTC chart and another top altcoins
The media continues to work to the fullest.
The Simpsons, with their unrealistic predictions, released a video about cryptocurrency.
All bullish
And if we look at the monthly chart everything will become very clear
Best regards EXCAVO
Note
Touched support line
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