Let's look at the 1h chart of Bitcoin and try to spot possible price movements. The market dropped from 11000 level and now it's at 10800 level. If price breaks the 11200.00 and 11385.00 resistance line, that we have a possible long opportunity. If the market can't break the uptrend (yellow) line drop lower, probably we'll see a downward movement to ~10300 and lower.
Trade closed: target reached
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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.
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.