Bitcoin midterm
Hi all,
last week bitcoin forecast worked out, I did not give in to the local positive and did not enter the deal here and now by the market, and as you can see from the price dynamics the deal just did not happen. Let me remind you that in order to buy we needed a entering pattern higher than 27600, but there was no such pattern and neither was the entry. The price went lower and went back to the support at 26700, the price went back to the sideways area, and we actually saw the test of the lower border of this sideways area.
https://www.tradingview.com/x/tOfnVJL1/
What will I be looking for on the chart this week and where would I be interested in a trade?
For a long position, a breakout of the 27600-28000 zone, with confirmation in the form of a pattern to enter, high volume.
For a short position I will look at the breakdown of 26000, maybe earlier at the breakdown of 26700 if a sharp fall on high volume.
And the second option to sell if they make another false breakdown of the 28000 zone with a quick pullback.
Support the author subscribe ✅ and start rocket 🚀.
Good luck and profit to all.
last week bitcoin forecast worked out, I did not give in to the local positive and did not enter the deal here and now by the market, and as you can see from the price dynamics the deal just did not happen. Let me remind you that in order to buy we needed a entering pattern higher than 27600, but there was no such pattern and neither was the entry. The price went lower and went back to the support at 26700, the price went back to the sideways area, and we actually saw the test of the lower border of this sideways area.
https://www.tradingview.com/x/tOfnVJL1/
What will I be looking for on the chart this week and where would I be interested in a trade?
For a long position, a breakout of the 27600-28000 zone, with confirmation in the form of a pattern to enter, high volume.
For a short position I will look at the breakdown of 26000, maybe earlier at the breakdown of 26700 if a sharp fall on high volume.
And the second option to sell if they make another false breakdown of the 28000 zone with a quick pullback.
Support the author subscribe ✅ and start rocket 🚀.
Good luck and profit to all.
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