Hi all!!
Good day!
Bitcoin sideways movement for almost a week.
Are you still worried on deciding whether it's the uptrend or the downtrend ??
This post uses some simple technical analysis with the tool "Gann Fan".
When the price action takes sideways movement for a while, and didn't respect the drawn trend lines, use Gann Fan, which will show what's happening.
As simple as that!!
Red Zone is accumulation zone. Keep Stop Loss just below the red zone.
Multiple Resistances are the Take Profit levels.
For more updates, follow me here.
~RPS~
Good day!
Bitcoin sideways movement for almost a week.
Are you still worried on deciding whether it's the uptrend or the downtrend ??
This post uses some simple technical analysis with the tool "Gann Fan".
When the price action takes sideways movement for a while, and didn't respect the drawn trend lines, use Gann Fan, which will show what's happening.
As simple as that!!
Red Zone is accumulation zone. Keep Stop Loss just below the red zone.
Multiple Resistances are the Take Profit levels.
For more updates, follow me here.
~RPS~
#Stralines is a software automation tool. You select or build strategies, set your own risk, connect your exchange, and choose automated execution. Not financial advice; we never manage or hold your funds. Trading carries risk of loss.
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.
#Stralines is a software automation tool. You select or build strategies, set your own risk, connect your exchange, and choose automated execution. Not financial advice; we never manage or hold your funds. Trading carries risk of loss.
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.