Bitcoin is moving in an uptrend along a trendline, and it has now reached that trendline. My expectations are as follows:
* A bounce from support and continuation upward.
* A support break with a fakeout, followed by an upward move.
* A deeper correction with a fakeout, then another upward move.
The blue zone that has been marked is a good area to place staggered buy entries.
This analysis would be invalidated only if a whale candle breaks the trendline — in that case, none of these three scenarios would be valid, and taking a short position in this trend would not be logical either. ✅
* A bounce from support and continuation upward.
* A support break with a fakeout, followed by an upward move.
* A deeper correction with a fakeout, then another upward move.
The blue zone that has been marked is a good area to place staggered buy entries.
This analysis would be invalidated only if a whale candle breaks the trendline — in that case, none of these three scenarios would be valid, and taking a short position in this trend would not be logical either. ✅
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.