The formations, support and resistance levels are indicated in the chart.
I expect to bounce from the grey area because it worked for 4 times as a strong trend line.
There is a gap between 51200 and 52800. BTC may fill this gap by bouncing. I also expect a false breakout in any of support lines and trend lines because I see this price movements as a retreacement before the big rally. The reason I think in that way is that BTC has been accumulating for almost 2 months.
By the news of that Tesla has suspended vehicle purchases using BTC, this situation may be aimed intentionally.
Do not rush to take a position. Loosing %2-3 profit is worth to take safer position.
I expect to bounce from the grey area because it worked for 4 times as a strong trend line.
There is a gap between 51200 and 52800. BTC may fill this gap by bouncing. I also expect a false breakout in any of support lines and trend lines because I see this price movements as a retreacement before the big rally. The reason I think in that way is that BTC has been accumulating for almost 2 months.
By the news of that Tesla has suspended vehicle purchases using BTC, this situation may be aimed intentionally.
Do not rush to take a position. Loosing %2-3 profit is worth to take safer position.
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.