Expected correction and bounce areas for Bitcoin
Expected correction and bounce areas for Bitcoin
Whenever the price reaches the boundaries of the red or blue channels, if the price interacts near the channel line, the price is expected to bounce from that area. If the trend is down, the price is expected to at least correct and then resume the trend, and if the trend is up, the price is expected to at least correct and then resume the trend.
Whenever the price reaches the boundaries of the red or blue channels, if the price interacts near the channel line, the price is expected to bounce from that area. If the trend is down, the price is expected to at least correct and then resume the trend, and if the trend is up, the price is expected to at least correct and then resume the trend.
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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.