Bitcoin price in good shape, making higher highs all 2020 since March lows.
So far it didn't make any significant reload like -33% drawdown or more, so it is normal to wait for bigger corrections.
Take a closer look to Moving Average behaviour (MA) on chart — Faster MA (red) moved much higher than slower MA violet color. This only means that prices will calm down a little and MA will come closer (or crossover).
The Moving Averages confirms idea for correction move.
On another confirming signs we can see Trend Line which have too straight angle. Such trends don't exist for too long.
DYOR, and do not forget to share your vision.
BR,
Artem Shevelev
So far it didn't make any significant reload like -33% drawdown or more, so it is normal to wait for bigger corrections.
Take a closer look to Moving Average behaviour (MA) on chart — Faster MA (red) moved much higher than slower MA violet color. This only means that prices will calm down a little and MA will come closer (or crossover).
The Moving Averages confirms idea for correction move.
On another confirming signs we can see Trend Line which have too straight angle. Such trends don't exist for too long.
DYOR, and do not forget to share your vision.
BR,
Artem Shevelev
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.