Bitcoin breaking local downtrend
Bitcoin has just broken its local downtrend while finding support on an ascending triangle. This looks like a nice, slow accumulation phase.
The next steps are to break local highs, in blue, and the ichi cloud is at the second blue line $11800. Typically, a good long is the end to end play on an ichi cloud, if we pierce through it, i'm taking a position.
to confirm this uptrend, I would say that we need to test and confirm support on the old downtrend.
The red lines are long term support starting from the 3k and 5k region, I was looking at a short but now we have a solid accumulation phase starting.
Not financial advice, just letting people know what I plan to do.
The next steps are to break local highs, in blue, and the ichi cloud is at the second blue line $11800. Typically, a good long is the end to end play on an ichi cloud, if we pierce through it, i'm taking a position.
to confirm this uptrend, I would say that we need to test and confirm support on the old downtrend.
The red lines are long term support starting from the 3k and 5k region, I was looking at a short but now we have a solid accumulation phase starting.
Not financial advice, just letting people know what I plan to do.
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.