BTCUSD on a 60-minute chart had been ascending in a channel but now has broken down and
has dropped below the channel support trendline. As to whether it will retest that trendline
which is now resistance remains to be seen. However, the MACD lines are under the zero level
and RSI lines under 50, lends support to a reversal at this time. Volatility is contracting and
price compressing in a symmetrical triangle with the bias bearish at this time.
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In the 5-minute time frame, Bitcoin price attempted to test the support trendline turned into resistance but shorts beat it down before it got there. I am now short Bitcoin with leverage added to amp the anticipated gains.
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Bull and bear tug o' war is underway
Bình luận
It must be morning time in Western Europe and Bitcoin is wide awake. I am on Hawaii time and it is a bit past bedtime.
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Increased volatility and otherwise sideways with increased range.
Đóng lệnh: dừng lỗ
Bitcoin popped upside in a reversal. I went hard into long BTC, MSTR, RIOT, Cleanspark and HUT and they have profited heavily in the call options short time frame to expiration taken. see those posted ideas.
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.