Bitcoin - first 41500 then 46000? Big manipulations are close
Today we will consider a small overview of Bitcoin.
The first thing that looks in the eyes is a narrow trading range (marked with gray rectangles)
And we also left all the levels that we had designated before this time.
If we briefly describe the situation, we expect the demolition of stop loss long positions and a quick recovery to the level of 45500-46800
Why do we assume so?
According to the analysis, we are locally in a downtrend.
Locally - everything above the level of 43000 - can be evaluated as a long position, in order to return the price to the mirror level zone.
This is seen by many market participants, including big players.
The volatility is decreasing and the trading range of the price is shrinking.
This is the first sign for big manipulations.
The gann angle indicates that in the near future we will see the price go beyond these gray rectangles.
Considering also that target days
These are daily targets for Bitcoin.
Upper limits: 45300 - 45950🚀 Lower limit: 41000 - 41580☄️
Our analytics team is looking forward to the turn of events as shown in our chart.
Observe risk and money management. Trade smart
The first thing that looks in the eyes is a narrow trading range (marked with gray rectangles)
And we also left all the levels that we had designated before this time.
If we briefly describe the situation, we expect the demolition of stop loss long positions and a quick recovery to the level of 45500-46800
Why do we assume so?
According to the analysis, we are locally in a downtrend.
Locally - everything above the level of 43000 - can be evaluated as a long position, in order to return the price to the mirror level zone.
This is seen by many market participants, including big players.
The volatility is decreasing and the trading range of the price is shrinking.
This is the first sign for big manipulations.
The gann angle indicates that in the near future we will see the price go beyond these gray rectangles.
Considering also that target days
These are daily targets for Bitcoin.
Upper limits: 45300 - 45950🚀 Lower limit: 41000 - 41580☄️
Our analytics team is looking forward to the turn of events as shown in our chart.
Observe risk and money management. Trade smart
Related publications
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.