What has Bit done and what does it want to do?
HEY, I'm back🫡
What happened to Bit: We were moving in an ascending channel and as you can see, after each hit to the bottom of the channel, we saw a 10% growth, but on the last 5% hit, we could consider weakness. Also, after breaking the 64480 resistance, the candles became smaller over time and a distribution was formed in a lower time frame, and our volume was also killed :)
For these reasons, we could give the possibility of falling↘️
What does the next part of the beat want to do?
I think we are at an important decision point and there is a high probability that we will stay between resistance and support and not make a particular move, but if the 64480 resistance breaks the long position we can
If the support of the 62650 position is broken now, we can take a short position, I need to create a more structured market to get more information. And I will update👨💻
This analysis is just my opinion and it can be wrong😉
⚠️Do capital management⚠️
What happened to Bit: We were moving in an ascending channel and as you can see, after each hit to the bottom of the channel, we saw a 10% growth, but on the last 5% hit, we could consider weakness. Also, after breaking the 64480 resistance, the candles became smaller over time and a distribution was formed in a lower time frame, and our volume was also killed :)
For these reasons, we could give the possibility of falling↘️
What does the next part of the beat want to do?
I think we are at an important decision point and there is a high probability that we will stay between resistance and support and not make a particular move, but if the 64480 resistance breaks the long position we can
If the support of the 62650 position is broken now, we can take a short position, I need to create a more structured market to get more information. And I will update👨💻
This analysis is just my opinion and it can be wrong😉
⚠️Do capital management⚠️
Note
involved in the desired supportNote
I am waiting for the candle to close under the support in the 15-minute time frame
The position is a bit risky because it did not react well to the resistance⚠️🫡
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.