Hi everyone, in this technical analysis I want to follow up on the previous idea, now that we have more information on what happened with the recent price movements on BTC.
Here I published that I believed the price would move downwards even though the price was only halfway the horizontal zones. This wasn't a good suggestion in retrospect, why would a trend suddenly reverse if it's not at a pivotal point such as near a horizontal resistance zone.
If we zoom in and look at the blue box, we can see that the price beautifully continued directly towards the first one of resistance. Now, on the 1h we are seeing an immediate rejection candle. I suggest to enter a short position towards the support zone, and only then enter a long position for the next bullish continuation of BTC
Trading-Guru
Here I published that I believed the price would move downwards even though the price was only halfway the horizontal zones. This wasn't a good suggestion in retrospect, why would a trend suddenly reverse if it's not at a pivotal point such as near a horizontal resistance zone.
If we zoom in and look at the blue box, we can see that the price beautifully continued directly towards the first one of resistance. Now, on the 1h we are seeing an immediate rejection candle. I suggest to enter a short position towards the support zone, and only then enter a long position for the next bullish continuation of BTC
Trading-Guru
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Free crypto scanner on Telegram (35k members):
t.me/CryptoScanner100eyes
t.me/CryptoScanner100eyes
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.