After the break of the big multi day downward channel, Bitcoin has established a range, or rather a broader upward tilted channel.
This sideways movement can be expected after a strong downtrend. In the chart I explain how to trade this range.
Right now the strong correction to the upside has nearly completed its second leg up and is making a new high. When prices reach 13.200 it will be interesting to see what happens:
Bitcoin could continue in the range like sideways channel, with a possible downmove to 12.000. Or it could establish a stronger uptrend and squeeze more bears. Right now I don't see a good entry.
This sideways movement can be expected after a strong downtrend. In the chart I explain how to trade this range.
Right now the strong correction to the upside has nearly completed its second leg up and is making a new high. When prices reach 13.200 it will be interesting to see what happens:
Bitcoin could continue in the range like sideways channel, with a possible downmove to 12.000. Or it could establish a stronger uptrend and squeeze more bears. Right now I don't see a good entry.
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.
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.