Bitcoin "Channel" Breakout Analysis
The above chart of Bitcoin laid out the Horizontal channel pattern. Horizontal channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
Currently, Bitcoin is in the range of $16189. If the pattern continues, the price of Bitcoin might reach the resistance levels of $17050 If the trend reverses, then the price of Bitcoin may fall to $15660
Key Points : Bullish Candle and Volume Spike
Happy Trading
The above chart of Bitcoin laid out the Horizontal channel pattern. Horizontal channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
Currently, Bitcoin is in the range of $16189. If the pattern continues, the price of Bitcoin might reach the resistance levels of $17050 If the trend reverses, then the price of Bitcoin may fall to $15660
Key Points : Bullish Candle and Volume Spike
Happy Trading
액티브 트레이드
노트
16500+ RUNNING노트
Breakout Done : 노트
Near to Target Level노트
Retest Done노트
액티브 트레이드
액티브 트레이드
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.