Upthrust (trap) or Breakup?
BTC broke up the resistance level and as mentioned before, made a local top. (see the link below):
the main question is: is this a real breakup or this is a trap (upthrust)? To answer this question, wait for the pullback to the resistance/support level.
All momentum indicators are now in the overbought zone (in daily timeframes). This means that there is probably a local bottom ahead. This is the potential pullback that is ahead. But where this local bottom is placed is decisive.
If Bitcoin (local bottom) remains above the support/resistance level, this is a confirmed breakup. If it returns again into the range area, it is probably an upthrust and there is a possibility of breakdown on the other side.
the main question is: is this a real breakup or this is a trap (upthrust)? To answer this question, wait for the pullback to the resistance/support level.
All momentum indicators are now in the overbought zone (in daily timeframes). This means that there is probably a local bottom ahead. This is the potential pullback that is ahead. But where this local bottom is placed is decisive.
If Bitcoin (local bottom) remains above the support/resistance level, this is a confirmed breakup. If it returns again into the range area, it is probably an upthrust and there is a possibility of breakdown on the other side.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.