The price of 
XBTUSD its being forming the volatility contraction pattern (VCP) while above the 50 day moving average, good sign. The price has been trying to breakout above 62k, if that happens I think I´ll add to my position in $OTC:GBTC, which is also forming the same pattern. The bad thing is that the last 3 trading days the price closed below the high level. Its not a great deal but still, not the kind of thing you want to see before a rally.
IfXBTUSD doesn´t breaks out the 62k zone soon it could drop, the support areas are 50k and 42k. For me if the price drops below the 50 day moving average I´ll just take profits and wait for better conditions.
XBTUSD its being forming the volatility contraction pattern (VCP) while above the 50 day moving average, good sign. The price has been trying to breakout above 62k, if that happens I think I´ll add to my position in $OTC:GBTC, which is also forming the same pattern. The bad thing is that the last 3 trading days the price closed below the high level. Its not a great deal but still, not the kind of thing you want to see before a rally.If
XBTUSD doesn´t breaks out the 62k zone soon it could drop, the support areas are 50k and 42k. For me if the price drops below the 50 day moving average I´ll just take profits and wait for better conditions.
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.