RACEACEACE #BITCOIN - WAIT ON THE SIDE
I believe it is best to remain on the sidelines right now.
In my opinion, the solid red line resistance at 6410 is equivalent to the solid red line resistance at 10550.
Failure for the price to get above blue line resistance at 5923 is very bearish. Failure to get above the blue line resistance at 5923 will also lead me to believe that solid red line 6410 is the top and that real support is at solid red line 2261, meaning that the blue line support at 3597 (current bottom) would be broken.
Please note that a break of the support at red line 2261 would cause financial ruin for most of the players in the game. While everyone is afraid of missing out and entering long positions, I believe it is best to remain on the side until the resistance at 6410 is broken.
This analysis applies to margin trades. Spot buys are a different game.
In my opinion, the solid red line resistance at 6410 is equivalent to the solid red line resistance at 10550.
Failure for the price to get above blue line resistance at 5923 is very bearish. Failure to get above the blue line resistance at 5923 will also lead me to believe that solid red line 6410 is the top and that real support is at solid red line 2261, meaning that the blue line support at 3597 (current bottom) would be broken.
Please note that a break of the support at red line 2261 would cause financial ruin for most of the players in the game. While everyone is afraid of missing out and entering long positions, I believe it is best to remain on the side until the resistance at 6410 is broken.
This analysis applies to margin trades. Spot buys are a different game.
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.