Today we will consider the year-end market price of BTC.
BTC has recently been trying to break out of the long-term ascending parallel channel (pink area). Attention is being paid to whether or not to get out of here.
Even from a short-term perspective, the price movement is within the rising parallel channel (green area). There may be a temporary rebound, but the downside is at this channel lower limit line and various moving averages. It is strongly supported and gives a solid impression.
If it continues to rise, the next level of consciousness is the parallel channel upper limit, the price is about $27,000, and there is a possibility that it will increase by about 10%.
On the other hand, the last fort support line is $ 24,000. If it breaks here, I have to exit.
Despite the low liquidity market conditions, the slump in Altcoin shows there is a possibility that funds will be collected in Bitcoin.
Being aware of the middle line of parallel channels, the loss cut line is a market that you want to strategically attack long
BTC has recently been trying to break out of the long-term ascending parallel channel (pink area). Attention is being paid to whether or not to get out of here.
Even from a short-term perspective, the price movement is within the rising parallel channel (green area). There may be a temporary rebound, but the downside is at this channel lower limit line and various moving averages. It is strongly supported and gives a solid impression.
If it continues to rise, the next level of consciousness is the parallel channel upper limit, the price is about $27,000, and there is a possibility that it will increase by about 10%.
On the other hand, the last fort support line is $ 24,000. If it breaks here, I have to exit.
Despite the low liquidity market conditions, the slump in Altcoin shows there is a possibility that funds will be collected in Bitcoin.
Being aware of the middle line of parallel channels, the loss cut line is a market that you want to strategically attack long
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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.