Looking at Bitcoin in the long-term using weekly trend lines, the recent Bearish reversal happened on 5/5 at a high of $9948.12 when a Bearish weekly trend (upper solid red) crossed with a Bullish weekly trend (upper black red).
Taking the theory to the next step, a lower Bearish weekly trend line (lower solid red) may cross with a lower Bullish weekly trend (lower solid black) between 5/24-5/27 at a rough price estimate of $7,765-$7,815.
Could this cause another reversal?
I'm still incredibly green at crypto Technical Analysis, so I'm hoping for to hear suggestions, ideas, and errors I may be making. Thanks, everyone!
Taking the theory to the next step, a lower Bearish weekly trend line (lower solid red) may cross with a lower Bullish weekly trend (lower solid black) between 5/24-5/27 at a rough price estimate of $7,765-$7,815.
Could this cause another reversal?
I'm still incredibly green at crypto Technical Analysis, so I'm hoping for to hear suggestions, ideas, and errors I may be making. Thanks, everyone!
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。