Bitcoin is back in the channel! Where will the price go?
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Is it time to close the position?
WHERE IS THE VOLATILITY?!
Guys, it's boring, but sure, the price of bitcoin is creeping again to the $29,000 test and to important support levels from where a reaction to the upward movement may follow.
SOME THOUGHTS ON THE SCHEDULE:
Technical: on the 12H chart, the price of bitcoin is again moving in the "downward channel", clearly confirming the upper limit in the $30200 range both times. While thoughts are such that, with this test, we will be able to see again the confirmation of the local support of $29,000-28,800 and the cutting of the global trend line.
WHAT IS THE PLAN FOR THE POSITION?
So far, there is still faith in the downward movement, I keep a short position, although I had thoughts of closing yesterday ... In general, friends, as you understand from the technical side, I am waiting for confirmation of the $29,000-28,800 zone and most likely I will be fixed there. If I get out early, I'll let you know.
But it is often thought that very soon sticky shorts from $31,800 will begin to endure and even that we may see a renewal of the annual maximum.
By the way, the indicators on the older timeframes are slowly changing their shoes to LONG, now it’s time to leave the short position and preferably in a small profit :)
Is it time to close the position?
WHERE IS THE VOLATILITY?!
Guys, it's boring, but sure, the price of bitcoin is creeping again to the $29,000 test and to important support levels from where a reaction to the upward movement may follow.
SOME THOUGHTS ON THE SCHEDULE:
Technical: on the 12H chart, the price of bitcoin is again moving in the "downward channel", clearly confirming the upper limit in the $30200 range both times. While thoughts are such that, with this test, we will be able to see again the confirmation of the local support of $29,000-28,800 and the cutting of the global trend line.
WHAT IS THE PLAN FOR THE POSITION?
So far, there is still faith in the downward movement, I keep a short position, although I had thoughts of closing yesterday ... In general, friends, as you understand from the technical side, I am waiting for confirmation of the $29,000-28,800 zone and most likely I will be fixed there. If I get out early, I'll let you know.
But it is often thought that very soon sticky shorts from $31,800 will begin to endure and even that we may see a renewal of the annual maximum.
By the way, the indicators on the older timeframes are slowly changing their shoes to LONG, now it’s time to leave the short position and preferably in a small profit :)
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