Looking at the logarithmic chart, bitcoin just broke out of a massive triangle formation which started around January 2019.
If BTC breaks below its newly formed support then we might see it trend along the 4/1 angle.
However, if BTC maintains momentum we'll see it trading along the 3/1 angle and hitting its head against the 2/1. Let's just hope volume and liquidity don't dry up.
Thanks for taking the time to read this.
Nothing is random.
Stay profitable.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
If BTC breaks below its newly formed support then we might see it trend along the 4/1 angle.
However, if BTC maintains momentum we'll see it trading along the 3/1 angle and hitting its head against the 2/1. Let's just hope volume and liquidity don't dry up.
Thanks for taking the time to read this.
Nothing is random.
Stay profitable.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Dagangan aktif
Nota
Bitcoin broke below 3/1 support. The 4/1 angle is now the new support levelNota
Bitcoin trading nicely above the 8/1 angle. Will it break below or rise to touch the 4/1
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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.