Bitcoin can definitely ignore the signal and blow up further, however I would anticipate a drop. This level is previous resistance.
Having said that, historically (in 2018), Bitcoin did not get to 100% retrace to the upside like this time, some short squeeze might happen at this level. In any case, I would hold off from buying at all. There are always pullbacks from such a rally.
For those using the Ichimoku, Senkou span B is strong resistance. Although breaking of the Kumo and pulling back, finding support above/at Kumo is extremely bullish.
Having said that, historically (in 2018), Bitcoin did not get to 100% retrace to the upside like this time, some short squeeze might happen at this level. In any case, I would hold off from buying at all. There are always pullbacks from such a rally.
For those using the Ichimoku, Senkou span B is strong resistance. Although breaking of the Kumo and pulling back, finding support above/at Kumo is extremely bullish.
Note
In general, I anticipate a slow-fade pullback and watching carefully for support above cloud.Note
we broke the high of the 9. this shows strength and likely will count to a 13. I would still not play this up move and be willing to miss out.Note
looking to initiate at Kijun sen which is around 35k
Kidze
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Kidze
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.