From the Multi-timeframe Daily+H4+H1+M30 we can see that the Triangle Pattern has been created. By referring to Daily timeframe, we can see that it is still controlled by buyers and price has not break strong support at $34k yet for now, to consider the value is dropping. Price has moving sideway in between $33k to $38K since this year has started. For intraday trader, may consider to buy low & sell high pattern in their strategy as well.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
Comment:
the price has finally broke 34k & currently at support / demand h1 zone(gray zone). We are waiting H4 confirmation to decide whether it is going short or long; 30k or 38k.
Comment:
bitcoin seems to comeback to it pullback zone(demand) on 11.Jan.2021: $29.9-$30.6K. The previous H4 Candles show bearish still dominating the value, as I seen from the luno's order book, big owner seem to letting go their coins to gain the profit.