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The bitcoin price could pump soon and bounce between the resistance and supports areas.
Drawn on the chart is 1h/4h identified significant resistance and support lines.
Purple boxes are strong resistance support, blue boxes are weaker resistance support.
The proposed long positions have very tight stop losses, and very loose take profit, so the risk reward ratio...
Hello, dear subscribers!
In the previous analysis, we considered the breakdown of the important level of the OBV indicator in the bitcoin market.
Since then the bulls managed to intercept the initiative and raise the value of OBV above the level of 2.15M. But the fighting for the level is still going on and the bears don't want to admit defeat. In the next few...
Now that I'm trading more actively, I am very tempted to get out of my long position in Tesla and free some capital... So I decided to draw in my lines and see what they told me.
After doing so... I don't see how its possible to get out of this stock. My gut told me to sell when it had been simmering at the top supply area for so many weeks... and I did not....
The currency has fallen in recent weeks, which can be said to be a break from the price pump in the last two months.
Now that the downtrend has been broken, we can expect the price to move up.
By considering the Fibonacci lines, the trend can be described in more detail. As you can see in the chart.
It seems to be a good position to swing
Cardano has seen good growth in recent weeks. But you should not be afraid of reforms in this currency, because good news about the future of this currency comes from social networks.
But we should not rule out the possibility of bitcoin falling under any circumstances.
Considering the available signs, two processes can be expected to...
following the february selloff eurusd could go test 1.21340 as last point of resistancxe so this is a scalp you can play on the 4hour time frames, meaning it will be played on an average of 15 candles of hours back and forth. play it accordingly that setup could come twice so you can double your profit each side from 1.209 to 1.213 then 1.213 to 1.209 and back up...