Bitcoin has just broken its local downtrend while finding support on an ascending triangle. This looks like a nice, slow accumulation phase.
The next steps are to break local highs, in blue, and the ichi cloud is at the second blue line $11800. Typically, a good long is the end to end play on an ichi cloud, if we pierce through it, i'm taking a position.
to confirm this uptrend, I would say that we need to test and confirm support on the old downtrend.
The red lines are long term support starting from the $3k and $5k region, I was looking at a short but now we have a solid accumulation phase starting.
Not financial advice, just letting people know what I plan to do.
The next steps are to break local highs, in blue, and the ichi cloud is at the second blue line $11800. Typically, a good long is the end to end play on an ichi cloud, if we pierce through it, i'm taking a position.
to confirm this uptrend, I would say that we need to test and confirm support on the old downtrend.
The red lines are long term support starting from the $3k and $5k region, I was looking at a short but now we have a solid accumulation phase starting.
Not financial advice, just letting people know what I plan to do.
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.