As shown in the figure,
The bottom of Bitcoin is in the form of a W double bottom. At present, the neckline has been broken, and the possibility of rising in the future will become greater.
The MACD shows that it is already above the 0 axis.
In the 4H chart, the 20-day and 60-day moving averages have formed a golden cross.
Focus on the previous red resistance trend line, which has now turned into a support line, I'm guessing it will get some support at the red support line, if you haven't been long, I think near the red trend line is an opportunity to be long, my first A target is tentatively set at 23000.
My conclusion, if the red support line is not broken, it will continue to rise.
Ideas from a trader with over 10 years of trading experience.
The bottom of Bitcoin is in the form of a W double bottom. At present, the neckline has been broken, and the possibility of rising in the future will become greater.
The MACD shows that it is already above the 0 axis.
In the 4H chart, the 20-day and 60-day moving averages have formed a golden cross.
Focus on the previous red resistance trend line, which has now turned into a support line, I'm guessing it will get some support at the red support line, if you haven't been long, I think near the red trend line is an opportunity to be long, my first A target is tentatively set at 23000.
My conclusion, if the red support line is not broken, it will continue to rise.
Ideas from a trader with over 10 years of trading experience.
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.