Bitcoin: I recommend you don't trade as of right now
As you can see, the blue line is a resistance when the price is below it, but a support when price is above it.
The yellow ascending line acts as a support, each time pressuring more the price upwards.
Thanks to that reason, this idea is marked as a "long" in the midterm time horizon.
I recommend you don't enter longs here until we see stronger signals.
You could use an ADX, a Choppiness Indicator, a Squeeze Momentum Indicator and Volume for spotting trends & strength.
THE TREND IS YOUR FRIEND UNTIL THE END, IF, YOU KNOW HOW TO SPOT IT.
The yellow ascending line acts as a support, each time pressuring more the price upwards.
Thanks to that reason, this idea is marked as a "long" in the midterm time horizon.
I recommend you don't enter longs here until we see stronger signals.
You could use an ADX, a Choppiness Indicator, a Squeeze Momentum Indicator and Volume for spotting trends & strength.
THE TREND IS YOUR FRIEND UNTIL THE END, IF, YOU KNOW HOW TO SPOT IT.
Nota
Btw, that yellow line has been respected since Feb 28th!!!
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.