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Let’s move on to the Bitcoin analysis. Yesterday Bitcoin made an upward move and has now reached an important zone. Let’s see how the market wants to react to this resistance.
⏳ 1-Hour Timeframe
Yesterday Bitcoin briefly faked a breakout of its trendline but then broke it again and also activated its trigger.
🔍 Currently, the price has reached the resistance zone and is trying to penetrate it. The volume has increased throughout this upward move, which shows the strength of the buyers.
📊 If you opened a position with the triggers we had, now is not a bad time to take some profit and secure your position. But definitely leave a portion of it open so that in case the zone breaks, you won’t be left without a position.
🔔 Even with the breakout of this zone, a new long position can be opened. This zone has a lot of sell orders, and if the price manages to push through them, it can begin a sharp upward move.
💥 The RSI oscillator is stabilizing above the 64.09 level, which is a very good sign for buyers and increases the probability of breaking the zone.
✔️ However, if this RSI level fakes out, the chance of rejection from the zone rises, and in that case, the price correction can continue down to the 110721 and 109577 levels.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Let’s move on to the Bitcoin analysis. Yesterday Bitcoin made an upward move and has now reached an important zone. Let’s see how the market wants to react to this resistance.
⏳ 1-Hour Timeframe
Yesterday Bitcoin briefly faked a breakout of its trendline but then broke it again and also activated its trigger.
🔍 Currently, the price has reached the resistance zone and is trying to penetrate it. The volume has increased throughout this upward move, which shows the strength of the buyers.
📊 If you opened a position with the triggers we had, now is not a bad time to take some profit and secure your position. But definitely leave a portion of it open so that in case the zone breaks, you won’t be left without a position.
🔔 Even with the breakout of this zone, a new long position can be opened. This zone has a lot of sell orders, and if the price manages to push through them, it can begin a sharp upward move.
💥 The RSI oscillator is stabilizing above the 64.09 level, which is a very good sign for buyers and increases the probability of breaking the zone.
✔️ However, if this RSI level fakes out, the chance of rejection from the zone rises, and in that case, the price correction can continue down to the 110721 and 109577 levels.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
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🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.