arman1028

Bullish Trend

Long
BITFINEX:BTCUSD   Bitcoin
Any bearish or bullish trend acts as a lever for the next trend.
This is precisely the laws of physics.
A strong and long time trend as a lever has a better mechanical advantage and subsequently it can be a strong lever to withstand the weight of the next trend.
Bitcoin experienced a good price correction, which could be a strong lever for the next trend.
According to Ichimoku, 6300 is a multi-layer support, and in the event of failure, the price will fall to around 6,100.
If supported in the current zone or dropped to the lower level, based on a semi-shaped head and shoulder pattern and a magnetic field inside the kumo Cloud, the price could rise to around 7700.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.