In the previous review, we wrote about Bitcoin drawing a U-turn up.
However, $ 12,000 was never surpassed. And the rate fell below $ 10,000.
Now the trend indicators are on sale, both on the daily and weekly charts.
And the trades are at the level of the previous local minimum ($ 9,400)
Technically, everything speaks about the resumption of the fall and the appropriateness of opening short positions.
At the same time, we have a suspicion that this is another "drawn" signal. That means, there will not be a big downward movement. However, there won’t be any movement up either.
It seems that Bitcoin, like many other cryptocurrencies, is stuck in the range.
Borders are settled at $ 8000- $ 12000.
Before exiting the range, trend strategies will suffer a loss. Trading within the range is very difficult, since its borders aren’t strict and may well expand to $ 6,000- $ 14,000.
In this situation, it is preferable not to bid.
Profitable deals and follow our reviews!
However, $ 12,000 was never surpassed. And the rate fell below $ 10,000.
Now the trend indicators are on sale, both on the daily and weekly charts.
And the trades are at the level of the previous local minimum ($ 9,400)
Technically, everything speaks about the resumption of the fall and the appropriateness of opening short positions.
At the same time, we have a suspicion that this is another "drawn" signal. That means, there will not be a big downward movement. However, there won’t be any movement up either.
It seems that Bitcoin, like many other cryptocurrencies, is stuck in the range.
Borders are settled at $ 8000- $ 12000.
Before exiting the range, trend strategies will suffer a loss. Trading within the range is very difficult, since its borders aren’t strict and may well expand to $ 6,000- $ 14,000.
In this situation, it is preferable not to bid.
Profitable deals and follow our reviews!
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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.
Related publications
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.