Price channel leads Bitcoin upwards
🔸 In truth, I am not a fan of technical analysis, especially trend lines. Therefore, me personally take this idea with a sound share of skepticism. However, I could not pass by such a classic example with false breakouts of the channel boundaries.
🔸 Two deviations from the trading channel attracted my attention. Such movements have one goal - to collect your liquidity. By the way, how many of you traded breakouts of the channel or any other classic patterns? ;)
🔸 Typically, a strong impulse in the opposite direction leads price to the next level of interest afterwards.
📌 In this case, it’s a center line of the channel and horizontal resistance at $11,000+.
👍🏻 As a confirmation we need price to return to the channel and to test border without re-exiting.
🔸 Two deviations from the trading channel attracted my attention. Such movements have one goal - to collect your liquidity. By the way, how many of you traded breakouts of the channel or any other classic patterns? ;)
🔸 Typically, a strong impulse in the opposite direction leads price to the next level of interest afterwards.
📌 In this case, it’s a center line of the channel and horizontal resistance at $11,000+.
👍🏻 As a confirmation we need price to return to the channel and to test border without re-exiting.
Nota
👀 Price rejected by a channel boundary. Watching this closely:Nota
Testing the lower boundary of the channel. Expecting a correction before the breakout.Nota
Returned to the channel. Next targets are 10240-11700.Nota
Dagangan ditutup: sasaran tercapai
✅ Price has reached central trendline of the ascending channel:https://www.tradingview.com/x/n91WxSgX/[/ image]
Nota
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.