Confusion
up:57200/58430/60000
down:53000
Hi
Just look at the rectangle marked in black
Bitcoin seems to have broken its first downtrend line but is currently neutral (as shown by the Bollinger Bands indicator and the support and resistance areas identified)
In this case, neither buying nor selling is offered
In the first place, we wait for the price to come out of this neutral trend (range marked with an arrow) and break its own downward trend, marked with the green plane sign.
and than after the price leaves the neutral trend, two situations may occur:
1. A new uptrend begins and we can set the first target at 60,000, and after the valid defeat of the 60,000 area, we will confidently enter the buying position with the target of horizontal support and resistance lines marked on the chart.
Worst possible scenario: break the price of the range of 53,000 with force, in which case the next goals are specified in order.
good lock
down:53000
Hi
Just look at the rectangle marked in black
Bitcoin seems to have broken its first downtrend line but is currently neutral (as shown by the Bollinger Bands indicator and the support and resistance areas identified)
In this case, neither buying nor selling is offered
In the first place, we wait for the price to come out of this neutral trend (range marked with an arrow) and break its own downward trend, marked with the green plane sign.
and than after the price leaves the neutral trend, two situations may occur:
1. A new uptrend begins and we can set the first target at 60,000, and after the valid defeat of the 60,000 area, we will confidently enter the buying position with the target of horizontal support and resistance lines marked on the chart.
Worst possible scenario: break the price of the range of 53,000 with force, in which case the next goals are specified in order.
good lock
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.