This analysis is an update of the analysis you see in the "Related publications" section
In the previous analysis, we mentioned that you should avoid looking for sell/short positions, as Bitcoin's price pattern was designed to trap short positions. The price followed the direction of the previous yellow arrow as anticipated.
Currently, the major resistance zone for Bitcoin on the chart is the red area. In this zone, a complete bullish pattern could potentially form | or at the very least, one leg of a bullish pattern may be completed.
Let’s see how it plays out.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
In the previous analysis, we mentioned that you should avoid looking for sell/short positions, as Bitcoin's price pattern was designed to trap short positions. The price followed the direction of the previous yellow arrow as anticipated.
Currently, the major resistance zone for Bitcoin on the chart is the red area. In this zone, a complete bullish pattern could potentially form | or at the very least, one leg of a bullish pattern may be completed.
Let’s see how it plays out.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.