Hi everyone, I start to share my idea again.
After a sharp rise, the pattern started a flag. During the Flag, I prefer a market reversal. How high is the bounce going to be? I can't sure right now, but please pay attention the resistance level.
At which point will the market reverse? I prefer the price will re-test the support level again.
If the price re-test the support level, we still have to figure out if it is going to reverse.
First Case: It maybe a V shaped reversal. If it happened, long the bitcoin, pay attention the resistance level.
Second case: There is no V shaped reversal. The price start a congestion area.
Picture A: Low point gets more higher. The price will go up, long bitcoin.
Picture B: Horizontal price movement. The price will break blow the resistance level, short bitcoin.
Thank you.
After a sharp rise, the pattern started a flag. During the Flag, I prefer a market reversal. How high is the bounce going to be? I can't sure right now, but please pay attention the resistance level.
At which point will the market reverse? I prefer the price will re-test the support level again.
If the price re-test the support level, we still have to figure out if it is going to reverse.
First Case: It maybe a V shaped reversal. If it happened, long the bitcoin, pay attention the resistance level.
Second case: There is no V shaped reversal. The price start a congestion area.
Picture A: Low point gets more higher. The price will go up, long bitcoin.
Picture B: Horizontal price movement. The price will break blow the resistance level, short bitcoin.
Thank you.
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.