Bitcoin, which needs careful analysis as much as its body is heavy, needs a lot of lines because it has various movements.
It is currently showing a move that is expected to fall further, failing to break through the white line, which is a sharp downward trend.
The place that should never be broken even if it comes down is the thick red line, the last upward trend.
The reason why it did not draw a sharp upward trend is that when the beat rises, the moving goes up to three to four trend lines, but it is not complicated because it can be seen stably just by raising it above the thick green upward trend.
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.
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.