BTCUSDT 1D | Bitcoin market overview: Bullish strike or fakeout?
Hello, dear subscribers!
In the previous review we considered the possibility of a short when the bitcoin price moves in the current price channel.
At the moment the price of the bitcoin is $9,270, it is at the upper limit of the channel. When the day closes above the price channel, we can enter the flat area $9,300 - $9,600. In this zone, the bulls and bears will fight for the formation of the next price trend. In this case, it is better not to have a short or long position before the competition between buyers and sellers.
It is also possible to form a fakeout in the next two days in order to scare sellers and force buyers to take a position and then send the price down.
Subscribe to the channel and stay with us!
In the previous review we considered the possibility of a short when the bitcoin price moves in the current price channel.
At the moment the price of the bitcoin is $9,270, it is at the upper limit of the channel. When the day closes above the price channel, we can enter the flat area $9,300 - $9,600. In this zone, the bulls and bears will fight for the formation of the next price trend. In this case, it is better not to have a short or long position before the competition between buyers and sellers.
It is also possible to form a fakeout in the next two days in order to scare sellers and force buyers to take a position and then send the price down.
Subscribe to the channel and stay with us!
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