Bitcoin Update, 16/01
Since the low on the January 10th, Bitcoin rallied to around 44.4k. To find out levels of support for a continuation of the uptrend, I used volume profile (it represents the volume traded at each price). We are bouncing in the high volume node (or HVN) in the 43.4-42.5 zone and we've been retesting the low volume node (between 42.5 and 42.1) 3 times.
―
To keep the uptrend, we should break soon the 43.5 level and flip it to support, and then break the 44.4 resistance.
―
In a bearish scenario, we will likely go below the low volume node and consolidate.
―
To keep the uptrend, we should break soon the 43.5 level and flip it to support, and then break the 44.4 resistance.
―
In a bearish scenario, we will likely go below the low volume node and consolidate.
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.