Imo during that kind of patterns where we can see obvious channel mid line of the channel is very important resistance.
Till we wont break it rejection is more likely.
That's why I would like to see a third touch of a lower band of the channel before any upward price movement.
That would be double bottom pattern and the timing is possible around 13th October,...
Bitcoin sideways for 2 months, with the amplitude convergence, K line combination gradually formed an arc top. This is a very frightening shape.
Let's start with the elements of the arc top, starting with the moving average, which is currently short in ma36, MA18 and MA6. Secondly, the neck line of the arc top is near MA144. If it falls below this position, the...
We can open Buy position in marked Zones.
Reasons:
- the price is above the Mirror Level 9188.0;
- the price is in the Range Zone;
- the trend is bullish.
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Before to trade my ideas make your own analysis.
Thanks for your support!
