TradingView
ShawnMCR
Dec 12, 2022 5:49 PM

Bitcoin bounced off the lower Bollinger Band. 

Bitcoin / TetherBittrex

Description

Hello, dear TradingView members.
This is a Bitcoin idea.

Here is a 4H timeframe. The price is consolidating in this price range between the local key levels.
The price of Bitcoin is more likely to go up since the lower Bollinger Band is touched.
When the price touches the lower Bollinger band, the price needs to go higher to touch the higher band.
You can open short positions when the price reaches the range around local resistance #2.
Watch out for solid support and resistance levels.


Now let's see your ideas. Let's have a discussion.

Let me know if you guys have any questions;
I will be more than happy to help.

Good luck, and thank you.
Comments
Lekis
Great one!
ProSignalsFx
Great Post bro!
Goldenbreakout
@ProSignalsFx, OCEAN the interesting AI coin
UnitedSignals
Thank you for your analysis!
SignalProvider
Nice chart, mate!
Williamforex
very nice setup
Crypto_MD
Fascinating insight on the market; check out my analysis combined with Onchain Analysis and tell me what you think.
ProjectSyndicate
perfect perfect. great target
Williamforex
Appreciate
InvestMate
Bitcoin positively surprised everyone today, I expect growth to continue
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