A small overview of #Bitcoin | Update for previous analysis
I tried to briefly describe this situation.
Formation in the form of a cup, or a decrease in price through a descending channel.
At this time, in the short term, you can look for patterns in the short, because the candlestick analysis indicates the average weakness of the buyer.
Given the structure of the market, you need to slightly reset the long positions, as well as give the opportunity to average the position for those who opened short yesterday at a price of 42000-41500.
Thus, the belief in continued growth will disappear, and liquidity in bitcoin in a short position will become even greater.
As in the previous analysis, I will only look for short positions when the price falls below the level of 41300
and stay there on the 4 and 8 hour timeframes.
In the meantime, a local short, as indicated on the chart
Formation in the form of a cup, or a decrease in price through a descending channel.
At this time, in the short term, you can look for patterns in the short, because the candlestick analysis indicates the average weakness of the buyer.
Given the structure of the market, you need to slightly reset the long positions, as well as give the opportunity to average the position for those who opened short yesterday at a price of 42000-41500.
Thus, the belief in continued growth will disappear, and liquidity in bitcoin in a short position will become even greater.
As in the previous analysis, I will only look for short positions when the price falls below the level of 41300
and stay there on the 4 and 8 hour timeframes.
In the meantime, a local short, as indicated on the chart
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