Hi everyone
Bitcoin price jumped up very fast hours ago and hit the topline of our channel nicely.
I assume upward pressure can continue for awhile but this is not the meaning of trend changing.
we still should be cautious about getting long position for swing trading. why is that?
MACD (Daily setting) still in negative side. Chaikin Money Flow has the same negative side yet
price still below the VPVR point of control (red line) and Moving Average 150 (white line)
and is still moving into our descending channel.
but trend may change soon for that purpose we need to see the condition of my chart happens.
...............................................
you can also see my last analysis here:
Enjoy the market
Bitcoin price jumped up very fast hours ago and hit the topline of our channel nicely.
I assume upward pressure can continue for awhile but this is not the meaning of trend changing.
we still should be cautious about getting long position for swing trading. why is that?
MACD (Daily setting) still in negative side. Chaikin Money Flow has the same negative side yet
price still below the VPVR point of control (red line) and Moving Average 150 (white line)
and is still moving into our descending channel.
but trend may change soon for that purpose we need to see the condition of my chart happens.
...............................................
you can also see my last analysis here:
Enjoy the market
Trade active:
returned back to the channel as expected. we still watch the price action into the channel and ranged area.
Trade active:
BTC now getting more bull structure so if the trend line broke next target would be around 62K
