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At $ 9,165 level a GEP was formed. Most likely, and maybe tomorrow it will be closed. There are also the following reasons.
This is the double bottom on the CCI indicator. And the price is far from Moving Averages (according to the theory of technical analysis the price always comes to them.)
Now it's likely to be a small consolidation above the $ 8310 support level.
When it is formed, the further direction of Bitcoin will be more clearly seen. Therefore, the second option is possible to reduce the price to the support level at $ 8040.
_________________________________________
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Also, don't forget to visit our profile.
At $ 9,165 level a GEP was formed. Most likely, and maybe tomorrow it will be closed. There are also the following reasons.
This is the double bottom on the CCI indicator. And the price is far from Moving Averages (according to the theory of technical analysis the price always comes to them.)
Now it's likely to be a small consolidation above the $ 8310 support level.
When it is formed, the further direction of Bitcoin will be more clearly seen. Therefore, the second option is possible to reduce the price to the support level at $ 8040.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
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.