Hello traders,
Lets look at the price of bitcoin.
Even if we are in a short term bull trend, I think we still have one leg down. I would be quite happy if it won't go lower, but that would be unusually short correction for such a huge rally. However we are never certain, so always wait for confirmation.
In the chart you can see a possible rising wedge pattern which is a bearish pattern usually breaking down. We also are at a strong resistance and 0.618 golden fib ratio which coincides with that resistance. If we break down from this level we can expect down to support 1 & 2 areas.
Volume is also low.
Lets see where it will take us.
Good luck
Lets look at the price of bitcoin.
Even if we are in a short term bull trend, I think we still have one leg down. I would be quite happy if it won't go lower, but that would be unusually short correction for such a huge rally. However we are never certain, so always wait for confirmation.
In the chart you can see a possible rising wedge pattern which is a bearish pattern usually breaking down. We also are at a strong resistance and 0.618 golden fib ratio which coincides with that resistance. If we break down from this level we can expect down to support 1 & 2 areas.
Volume is also low.
Lets see where it will take us.
Good luck
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.