Bitcoin update
-There's a wedge on the chart
-The price broke the lower boundary of the wedge
-Tested as resistance
Price is now heading down, I can't say we will go any lower, but if price tests the daily high at $44,500 as support, that would be a good buying opportunity.
If the daily candlestick closes below $42,000, there is a good chance that the next low will be at $37,300, which is an important level because it is the local low in the daily timeframe. The medium-term traders set their stop losses below that level, therefore there is a lot of liquidity and if the price comes there, at least we can expect a bounce, and at most we can expect the end of the correction and reversal.
-There's a wedge on the chart
-The price broke the lower boundary of the wedge
-Tested as resistance
Price is now heading down, I can't say we will go any lower, but if price tests the daily high at $44,500 as support, that would be a good buying opportunity.
If the daily candlestick closes below $42,000, there is a good chance that the next low will be at $37,300, which is an important level because it is the local low in the daily timeframe. The medium-term traders set their stop losses below that level, therefore there is a lot of liquidity and if the price comes there, at least we can expect a bounce, and at most we can expect the end of the correction and reversal.
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.