Let's see what we have here on Bitcoin. As we can clearly observe from the chart, the price is still stuck in a range, or as we love to say, stuck in a mud. Moreover, we can see a really long and powerful wick manipulation which was implemented by China in attempts to break the lower boundary of the sideways ranging rectangular box and take out a large amount of Stop Losses. Happily and luckily, the attempts to drop the price like a needle resulted in being unsuccessful. Now, we are looking forward for the price to continue growing and reach the area identified on the graphic.
Happy trading, everyone!
Happy trading, everyone!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.