Hello, my dear friends! 😘I decided to share with you another vision today!💪🏻
Pay attention to the⏳ daily chart of Bitcoin.⏳
We have been in the ascending channel for almost 3 months.😱
That's long time enough. 🤔I think, that soon there will be a way out of it.💥
Just the question: which way ???? hmmm ....that's very interesting.😉
Now interest on Bitcoin is increasing☝🏻 . There are chances to go up☝🏻. On the chart, I have suggested levels at which we can expect a price, when the resistance level of 10,200 is reached.🔥
🧐Where do you think the price will go next ??? ✍🏻Waiting for you in the comments !!
Very interesting to read. great work.
My question about your statement "As longer we stay in the channel,as faster we will exit from it" :
When is this or any other channel considered long (thus compared to what other channel which is not considered long for instance).
And also what means a faster exit and based on what premises then? Is this "rule" measured in the past and thus likely to happen this time also or always?
In short: How much is long and how much is fast exit?
And how would we use this information and analysis to translate it into opening a trading position with probable profitable outcome.
Thanks for your insight and keep up the good work you are doing. Like your work and much appreciated.
RocketBomb
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@CryptoDesperado, Thank you very much for your pleasant words about my work. 💋I really try to be useful!!!💪🏻
You asked a very interesting question.❗
It's more like a relative expression (rule) that I read in a book. I would say that's a subjective expression🤔
TA doesn't give an exact answer to the question "where will the price go."🤷🏻♀️
We can only predict.🧐
I hope that I explained to you my position a little clearer😘
My question about your statement "As longer we stay in the channel,as faster we will exit from it" :
When is this or any other channel considered long (thus compared to what other channel which is not considered long for instance).
And also what means a faster exit and based on what premises then? Is this "rule" measured in the past and thus likely to happen this time also or always?
In short: How much is long and how much is fast exit?
And how would we use this information and analysis to translate it into opening a trading position with probable profitable outcome.
Thanks for your insight and keep up the good work you are doing. Like your work and much appreciated.