BitcoinSingkat
BTC Major trend line and resistance
In short. The trendline from the start of BTC on the monthly has only been broken once in March 2020. Correct me if I am wrong. This is a strong resistance in itself and also a major psychological barrier.
Longs are outweighing short for the moment as the 'smart money' prepare to long the market as the market remains fearful.
The Price vs Money flow needs to get below the price in red But as the Trend Exhaustion is moving up and nearing the top red zone I remain skeptical that the market has reached the bottom. If we do see a break in the trendline we might just wick down to $21193.75 if I compare it to March 2020.
Apologies for the upside down measurement. :-) Ignore the %. Just an indication.
Longs are outweighing short for the moment as the 'smart money' prepare to long the market as the market remains fearful.
The Price vs Money flow needs to get below the price in red But as the Trend Exhaustion is moving up and nearing the top red zone I remain skeptical that the market has reached the bottom. If we do see a break in the trendline we might just wick down to $21193.75 if I compare it to March 2020.
Apologies for the upside down measurement. :-) Ignore the %. Just an indication.
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Penerbitan berkaitan
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.