BitcoinGiá xuống
Assume the position
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Target: 6k
Time range: 1 month
Target is shown as the point at which the regression lines meets up with the current trendline. In other words, we will be retesting the bear market breakout point at around the 5k/6k range. This is a longer term trade. As such, those entering the trade should be mindful that there are numerous supports between the current price point and the target, and that significant volatility should be expected.
Time range: 1 month
Target is shown as the point at which the regression lines meets up with the current trendline. In other words, we will be retesting the bear market breakout point at around the 5k/6k range. This is a longer term trade. As such, those entering the trade should be mindful that there are numerous supports between the current price point and the target, and that significant volatility should be expected.
Ghi chú
We just bounced off of a minor support, it might be best wait for entry until the bounce has topped outGhi chú
The bounce could go as high as ~11200.Ghi chú
Bounce is over, we're about to drop again.Ghi chú
The bounce off of the 10k level could bring us back up to more or less where we are now - ~10800Ghi chú
Looks like we'll be range bound between 10800 and 10000 for up to 8 days or so, with the price bouncing between those two price points several times.Ghi chú
Ghi chú
As stated in my initial post, this is a longer-term trade. It's really hard to predict price movements at smaller timeframes. Even if you're exceptionally good at it, you are still playing with fire. Again, the prudent approach is to keep the short open until the target is reached or indications show that the target is no longer viable. That said, in the interim, here's what I see happening: Ghi chú
pardon the working trendlines... Ghi chú
that failed spectacularly... next stop 8880Ghi chú
Update:
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we should be hitting ceiling any minute now, at around 10200Ghi chú
That was the ceiling, here's the next couple of days Ghi chú
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