Just some thoughts on the bearish btc market weve been experiencing of late. Seems like the price is confined to a descending channel and it's been experiencing quick drops with rebounds to attempting recoveries. So IF we get are going through a third attempt at this pattern, we just had our second rebound and the price is dropping a little more (probably to the orange line ~$10k or so) then it should quickly move up to test the upper channel line (around 
14K). If there is confirmation of a break here and support holds we could break out of this downward spiral. If not... look to the previous support line and set your buys accordingly. The good/great buys shown here should be taken with a grain of salt, but it seems to be a good level of previous resistance and support so I would be surprised if we don't see another bounce from those areas in the event of a big dip. Good luck trading... not investment advice.
14K). If there is confirmation of a break here and support holds we could break out of this downward spiral. If not... look to the previous support line and set your buys accordingly. The good/great buys shown here should be taken with a grain of salt, but it seems to be a good level of previous resistance and support so I would be surprised if we don't see another bounce from those areas in the event of a big dip. Good luck trading... not investment advice.Nota
Orange line seems to be holding. Upper channel line test ($13-14K) still in play.Dagangan aktif
Looking at the RSI on the 4hr time frame; it appears to be rebounding.
Dagangan aktif
Stay on target...Nota
looks like the bears won this round; through the support line. Look for those low buys coming up!Dagangan aktif
Into my "good buy" zone. Starting to enter small long positions.Dagangan aktif
didnt quite reach the "great buy" zone but the day isnt over. looks like we are coming back up for a breath for now.Nota
Trying to break that ~9200 support/resistance level. if no break we should push lower.Nota
if you balked on the first trip down... here is your chance. looking to enter the "great buy" zone.Nota
Well? Did you control your emotions and BTFD? Should head back to test the 9200 level.Nota
hoping for something like this... notice the enormo-green volume bar
Nota
This was almost spot on ^Hope youre all still hodling!
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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.