Looking at this chart, We had a min downtrend that bitcoin broke out from after the pandemic and is bouncing on an old time support and resistance level from 8800 to 10500. This range has been more of a hard area for most traders to trade because there is no specific direction. Its also been a long time since bitcoin has been trading within a 400-800 dollar range for more than 3 weeks almost. I am pro shorting, but not from this level, maybe waiting for another push to 9800-10k range then decide on either shorting or longing, but till now this is becoming pretty frustrating for most traders at this level. There is absolutely no clear direction.
I can see the Bollinger bands forming a squeeze soon. I am pro seeing bitcoin below 7k. But when?
Good luck.
I can see the Bollinger bands forming a squeeze soon. I am pro seeing bitcoin below 7k. But when?
Good luck.
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.