What does the BTC chart show us?
Updated
Hello everyone.
Today I want to do another little review on bitcoin. The price is coming out of the correction at the moment, breaking through several important levels. We can see that there is a volume level below which the price is not allowed to go, thus accumulating a position just at this level. Now the sellers' pressure has eased, which gives the price an opportunity to approach its all-time high again. On the way up, there is also a supply zone, which the price may not pass at the first attempt, so for a more conservative trade, you can close at that level, and for a more aggressive trade, you can hold to the previous high.
Good luck everyone, subscribe to me so you don't miss a new idea.
Today I want to do another little review on bitcoin. The price is coming out of the correction at the moment, breaking through several important levels. We can see that there is a volume level below which the price is not allowed to go, thus accumulating a position just at this level. Now the sellers' pressure has eased, which gives the price an opportunity to approach its all-time high again. On the way up, there is also a supply zone, which the price may not pass at the first attempt, so for a more conservative trade, you can close at that level, and for a more aggressive trade, you can hold to the previous high.
Good luck everyone, subscribe to me so you don't miss a new idea.
Trade closed: target reached
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