Bitcoin is shrinking, there will be an explosion soon!
Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Yesterday I wrote you a bit of psychology on bitcoin and the market as a whole, today I want to go through the chart with you from the technical side.
Let's start with levels:
Let's drop resistance still stands at $16,800-17,150, this range is now an insurmountable zone for bitcoin, the asset is getting bounce after bounce.
The support level can be identified as a zone of $16,400-16120, this is an approximate range from where the price bounced the last time to the resistance zone.
What do I expect at the moment? I think that after all this narrowing leads us to a downward movement to the $16150-15750 zone, these are approximate figures where I expect bitcoin (I can be wrong and we will get a rebound from $16,400)
I'm still waiting for a good entry point between $16400-$16,000 I think we need to go through a down move to see the long awaited again!
There may be some shooting into the $17,000 zone over the weekend but I think it's to confuse the crowd...
I've been thinking lately that they can squeeze below $15,500 and trap even more shorts, so be careful, if you've already made enough from this SHORT, then I would recommend to change position;)
Yesterday I wrote you a bit of psychology on bitcoin and the market as a whole, today I want to go through the chart with you from the technical side.
Let's start with levels:
Let's drop resistance still stands at $16,800-17,150, this range is now an insurmountable zone for bitcoin, the asset is getting bounce after bounce.
The support level can be identified as a zone of $16,400-16120, this is an approximate range from where the price bounced the last time to the resistance zone.
What do I expect at the moment? I think that after all this narrowing leads us to a downward movement to the $16150-15750 zone, these are approximate figures where I expect bitcoin (I can be wrong and we will get a rebound from $16,400)
I'm still waiting for a good entry point between $16400-$16,000 I think we need to go through a down move to see the long awaited again!
There may be some shooting into the $17,000 zone over the weekend but I think it's to confuse the crowd...
I've been thinking lately that they can squeeze below $15,500 and trap even more shorts, so be careful, if you've already made enough from this SHORT, then I would recommend to change position;)
Publications connexes
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.