BTCUSD My Interpretation of a Upwards Sloping W-Bottom
1. A Reaction Low formed and broke through the lower Bollinger Band.
2. Price Moved back around the SMA (Middle Band) and exceeded it, Moved Back to the Higher Bollinger Band and Broke Through it.
3. A Second Drop in Price created a Newer Low, Which was Higher than the Previous Low and did not Break Through the Lower Bollinger Band.
4. A Strong Move Brought the price back towards the SMA, Exceeded it - Hitting the Higher Bollinger Band and Broke Though it.
2. Price Moved back around the SMA (Middle Band) and exceeded it, Moved Back to the Higher Bollinger Band and Broke Through it.
3. A Second Drop in Price created a Newer Low, Which was Higher than the Previous Low and did not Break Through the Lower Bollinger Band.
4. A Strong Move Brought the price back towards the SMA, Exceeded it - Hitting the Higher Bollinger Band and Broke Though it.
Nota
Level to Achieve Rejected, Failed to hold support and tested the level to hold. I would like to see weekly close above 10600 for another test of 11000
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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.