BitcoinLong
Bitcoin consolidation to continue
3 curve lines (cloned - orange dash) to identify support & resistance level,
provides an interesting LONG TERM view on BTC.
We see price action finally breaking out of the 3 curve lines (orange dash) zone for potential LONG TERM bullish position.
However, within the 3 curve lines (orange dash) zone, a 2 curve lines (again cloned - solid white) is formed.
We can identify this as SHORT TERM view.
The zone of the 2 white curve lines (upper & lower bands) can be identified as resistance & support.
Currently price action @ upper band, resistance level. Daily time frame indicators aslo @ O/B level.
Expecting minor price movement to downside, along with further price consolidation, til late March / early April before breakout to the upside.
Weekly time frame indicators @ O/S levels, showing strength to the upside.
provides an interesting LONG TERM view on BTC.
We see price action finally breaking out of the 3 curve lines (orange dash) zone for potential LONG TERM bullish position.
However, within the 3 curve lines (orange dash) zone, a 2 curve lines (again cloned - solid white) is formed.
We can identify this as SHORT TERM view.
The zone of the 2 white curve lines (upper & lower bands) can be identified as resistance & support.
Currently price action @ upper band, resistance level. Daily time frame indicators aslo @ O/B level.
Expecting minor price movement to downside, along with further price consolidation, til late March / early April before breakout to the upside.
Weekly time frame indicators @ O/S levels, showing strength to the upside.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.