BITCOIN FOLLOWED OUR IDEA FROM THE LAST UPDATE, WHICH WAY NOW?
Hello Traders, from the last update on bitcoin, I made it clear on the chart that Bitcoin might move either to the up or down side depending on how it reacts to the strong support and resistance levels.
Now! It has moved to the downside which we also made provisions for. It dropped from around
52K to 
41K(the current level) and we might not be sure what will happen next.
So like the last time, we’ll watch it and know if it moves up from this point and fails to move to the yellow trendline, because as we can see it is resting on the trendline
The break of these trendlines will give us the confidence to expect it to move closer to the nearest level(either up or down)
As I said before, the trendlines we see are acting as support and resistance levels.
Now! It has moved to the downside which we also made provisions for. It dropped from around
52K to 41K(the current level) and we might not be sure what will happen next.So like the last time, we’ll watch it and know if it moves up from this point and fails to move to the yellow trendline, because as we can see it is resting on the trendline
The break of these trendlines will give us the confidence to expect it to move closer to the nearest level(either up or down)
As I said before, the trendlines we see are acting as support and resistance levels.
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.