From the chart, we could easily figure out the importance of trendline. Each time bitcoin failed to break the downtrend line, it went lower and lower. Once it broke the downtrend line, there would be a strong bounce.
Now, we have reached the downtrend line once again. Long if it break, otherwise short.
Now, we have reached the downtrend line once again. Long if it break, otherwise short.
Note
Downtrend line brokeTrade closed: target reached
Wow bitcoin reached 7788. Take profits and watching for next opportunity.
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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.
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.