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
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Penafian
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📲 Join Telegram Trading Community: t.me/+5hlxWmhHaKplN2Rk
🎙️ 𝘾𝙊𝙈𝙄𝙉𝙂 𝙎𝙊𝙊𝙉 Daily Live Streams on 🔴 𝗬𝗼𝘂𝗧𝘂𝗯𝗲
🔍 linktr.ee/artemcrypto ✅
🎙️ 𝘾𝙊𝙈𝙄𝙉𝙂 𝙎𝙊𝙊𝙉 Daily Live Streams on 🔴 𝗬𝗼𝘂𝗧𝘂𝗯𝗲
🔍 linktr.ee/artemcrypto ✅
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.