BITCOIN UPDATE (SCROLL DOWN)
We are in an ascending channel pattern for 466 days now, which is a bearish pattern, we are hovering around $36566 price, we lots of volatility yesterday because the CEO of Binance stepped down.
For the price to still be where it is now is actually a good reaction from the market!
This does not mean bearish and bullish patterns always play out, what we can do is set alerts on the resistance and support levels and trendlines and identify the patterns so we can trade it accordingly.
For the price to still be where it is now is actually a good reaction from the market!
This does not mean bearish and bullish patterns always play out, what we can do is set alerts on the resistance and support levels and trendlines and identify the patterns so we can trade it accordingly.
Note
As you can see we have zoomed in here, and the hourly MA was acting as support and a important level, as I was charting this we broke out of resistance and I longed! LFG
Note
zooming out Note
Note
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.
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.