Welcome friends, let's take a look at the situation with bitcoin now and think about what should we expect in the future.
1) Global descending trend remains to the downside. Here is the next point: the price is in an upward channel, but the local uptrend has broken, so the probability of an upward movement begins to decline with each new bar. Now the local trend is downward, and here is an example of how mediocre can be focus on the figures without understanding the most important thing: PRICE. It is the price the most important factor for analyzing and reading the chart, and now the price shows a bearish trend, despite the upward channel.
2) Levels. Now the price is at a strong mirror level, and of course sell to the level is not the best idea, so you can sell after the breakdown of the level for a more secure entry, or sell with a small rollback, for a more risky transaction. Also, the working volume of the order can be divided into several parts and the first to go at current prices, the second to put on 3980, and the third order to put on 4060, thereby averaging the entry price to a fairly comfortable level and without losing the probability of a sharp drop down from the current prices. As would be short, everyone decides for himself, that's grounds for you to argue. continue with the levels. Before such a fall down, it is clearly visible from the top level, under which the price was trading and very good emissions for false breakouts, especially the latter!!! Huge supply blocked the volume of demand, and the price under the pressure of proposals flew down. Why I wrote earlier about three pending orders for sale: because the return of the price to the level where there was a false breakdown is quite likely, and not to get to this rollback, and for a shorter stop, you can control the situation like that. Below we see the following 2 zones of demand, where if we will not close, at least you have to carefully look at the price reaction, because long-term trade or correction is very likely.
3) Volumes tell us that the distribution period is likely to be completed locally. And the downbar, which was the output of an extremely high volume and which breaks the uptrend, tells us about the new superiority of sellers over buyers.
The conclusions are: Consider shorts! How to enter the position, you choose yourself. Friends, I wish all of you a lot of profit and good health! Subscribe and like, ask any questions, I will be happy to help
1) Global descending trend remains to the downside. Here is the next point: the price is in an upward channel, but the local uptrend has broken, so the probability of an upward movement begins to decline with each new bar. Now the local trend is downward, and here is an example of how mediocre can be focus on the figures without understanding the most important thing: PRICE. It is the price the most important factor for analyzing and reading the chart, and now the price shows a bearish trend, despite the upward channel.
2) Levels. Now the price is at a strong mirror level, and of course sell to the level is not the best idea, so you can sell after the breakdown of the level for a more secure entry, or sell with a small rollback, for a more risky transaction. Also, the working volume of the order can be divided into several parts and the first to go at current prices, the second to put on 3980, and the third order to put on 4060, thereby averaging the entry price to a fairly comfortable level and without losing the probability of a sharp drop down from the current prices. As would be short, everyone decides for himself, that's grounds for you to argue. continue with the levels. Before such a fall down, it is clearly visible from the top level, under which the price was trading and very good emissions for false breakouts, especially the latter!!! Huge supply blocked the volume of demand, and the price under the pressure of proposals flew down. Why I wrote earlier about three pending orders for sale: because the return of the price to the level where there was a false breakdown is quite likely, and not to get to this rollback, and for a shorter stop, you can control the situation like that. Below we see the following 2 zones of demand, where if we will not close, at least you have to carefully look at the price reaction, because long-term trade or correction is very likely.
3) Volumes tell us that the distribution period is likely to be completed locally. And the downbar, which was the output of an extremely high volume and which breaks the uptrend, tells us about the new superiority of sellers over buyers.
The conclusions are: Consider shorts! How to enter the position, you choose yourself. Friends, I wish all of you a lot of profit and good health! Subscribe and like, ask any questions, I will be happy to help