Hello trading friends,
This is a daily update for BTCUSDT with the last trends.
Yesterday the trend did looks well after the power trend line - and the hash rate did hit the high - even of this all - it seems that some miners did choose to sell BTC but this still does not mean that the trend is going to have a very bad time as the long term cycle still green.
We are now exactly at time frame confirmation. In the coming hours the trend should and must choose side from the new confirmations. The trend can have a confirmation for downtrend - but same time coming hours we can have a good back trend to the levels where we were before - so coming hours its important for a time frame.
So until now still see no reason for confirmation of the breakdown trend.
With coming update more details.
Depending on the cycle trend - we are still into the green trend.
Small data,
We did hit below the breakdown point 42700, but now it's the task for confirmation to show us or we going to breakdown further or this will be a point to recover back.
Targets
It's important for a long trend that Bitcoin return to 43k+ from there to breakout above the target of 44700+
have a great day.
This is not a trading call - manage always your riks
_ If you did like this content give it a like - and follow - Thanks
This is a daily update for BTCUSDT with the last trends.
Yesterday the trend did looks well after the power trend line - and the hash rate did hit the high - even of this all - it seems that some miners did choose to sell BTC but this still does not mean that the trend is going to have a very bad time as the long term cycle still green.
We are now exactly at time frame confirmation. In the coming hours the trend should and must choose side from the new confirmations. The trend can have a confirmation for downtrend - but same time coming hours we can have a good back trend to the levels where we were before - so coming hours its important for a time frame.
So until now still see no reason for confirmation of the breakdown trend.
With coming update more details.
Depending on the cycle trend - we are still into the green trend.
Small data,
We did hit below the breakdown point 42700, but now it's the task for confirmation to show us or we going to breakdown further or this will be a point to recover back.
Targets
It's important for a long trend that Bitcoin return to 43k+ from there to breakout above the target of 44700+
have a great day.
This is not a trading call - manage always your riks
_ If you did like this content give it a like - and follow - Thanks
Note
We have seen more times into the history of BTC - That BTC can return from confirmation areas at time frames.
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.
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.