The cryptocurrency market, including BTC, has been declining since yesterday.
Most recently, support has come in at around $18,000 and the situation is rebounding.
However, it is easy to be targeted by shorts because it is the first time to return after breaking below the conscious line.
Each moving average (20,50,100MA) covers the area around $18,500, which has been strongly conscious so far.
It is easy to feel the weight of the upper price.
It is easy to imagine that even if it is repulsed once, it will fall again.
However, the momentum of the market accelerates at a stretch when it goes through such a strong consciousness.
This is because shorts are cut off all at once and new longs come in.
Once you've clearly passed $ 18,500, split into longs.
It is a market that should be watched as there is still no sense of direction.
Most recently, support has come in at around $18,000 and the situation is rebounding.
However, it is easy to be targeted by shorts because it is the first time to return after breaking below the conscious line.
Each moving average (20,50,100MA) covers the area around $18,500, which has been strongly conscious so far.
It is easy to feel the weight of the upper price.
It is easy to imagine that even if it is repulsed once, it will fall again.
However, the momentum of the market accelerates at a stretch when it goes through such a strong consciousness.
This is because shorts are cut off all at once and new longs come in.
Once you've clearly passed $ 18,500, split into longs.
It is a market that should be watched as there is still no sense of direction.
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.