Hello, dear TradingView members.
This idea is a Bitcoin discussion.
Bitcoin is still in the downtrend channel, and we see signs of consolidation.
The Bollinger Bands are squeezing in, and the price is showing strength.
We might go higher and get rejected by the local resistance level. Or have a sudden pump and touch either the static or dynamic resistance, which is the upper band of our channel.
There is only one support level we have on the way down the local support level. This level could lead the price straight to the upper band of our channel.
RSI is neutral, so the price has room to go either up or down.
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.
This idea is a Bitcoin discussion.
Bitcoin is still in the downtrend channel, and we see signs of consolidation.
The Bollinger Bands are squeezing in, and the price is showing strength.
We might go higher and get rejected by the local resistance level. Or have a sudden pump and touch either the static or dynamic resistance, which is the upper band of our channel.
There is only one support level we have on the way down the local support level. This level could lead the price straight to the upper band of our channel.
RSI is neutral, so the price has room to go either up or down.
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.
