Top and Bottom Analysis on "BITCOIN" by ThinkingAntsOk
We are gonna analyze the possible outcomes of BITCOIN
Main Items we see on the Daily Chart:
a)Price started a reversal movement on the Resistance Level + 61.8% of the Fibo Level.
b)We think is a possible scenario for a correction of the Ascending Movement
Main Items we see on the 4hs Chart:
a) The Price broke the ascending trendline
b)We can see 2 retests of the ascending trendline without succeeding on re-enter the zone again.
c)Currently, the price is on a Support level.
From there we have 2 possible scenarios:
1)A retest of the broken ascending trendline, and a rejection.
2) If the Current support zone is broken we expect a continuation of the bearish movement towards the next support zone + 31.8% fibo level at 9800 and the retest of the ascending trendline.
If the price reaches the Ascending Trendline we think will be an interesting zone to develop Long setups.
Main Items we see on the Daily Chart:
a)Price started a reversal movement on the Resistance Level + 61.8% of the Fibo Level.
b)We think is a possible scenario for a correction of the Ascending Movement
Main Items we see on the 4hs Chart:
a) The Price broke the ascending trendline
b)We can see 2 retests of the ascending trendline without succeeding on re-enter the zone again.
c)Currently, the price is on a Support level.
From there we have 2 possible scenarios:
1)A retest of the broken ascending trendline, and a rejection.
2) If the Current support zone is broken we expect a continuation of the bearish movement towards the next support zone + 31.8% fibo level at 9800 and the retest of the ascending trendline.
If the price reaches the Ascending Trendline we think will be an interesting zone to develop Long setups.
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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.