[09/28] Beast Trading _ Today's Bitcoin Analysis
Yesterday it showed a convergence upward shift, with a fairly uptrend and appears to have risen in the form of a C - impulse.
Yesterday's point was whether to close or not to break through the long-term 69k decline.
If you support through the downward trend that has continued since 69k, you will respond with a long position if you fall, and if you cannot break through the downward trend that has continued since 69k, you will respond with a short position if you rise
After rising slightly below 20.4k yesterday, it began to fall strongly and broke to 19k in a heartbeat.
First of all, this alone is negative for the rise, but if you look at Ilbong, a very important signal came out.
The next trend in the candle is the emergence of a long, upper-tailed sound stick, which is very likely to be a strong decline, and the volume of transactions is incredibly strong.
The trading volume is really important, but yesterday's trading volume in the candle unit was much larger than when the 17.6k new low was renewed.
At this rate, the probability of renewing the 17.6k low point is very high.
We recommend that you don't hold a long position until the low point renewal, and let's always keep in mind the low point renewal in mind!
Yesterday it showed a convergence upward shift, with a fairly uptrend and appears to have risen in the form of a C - impulse.
Yesterday's point was whether to close or not to break through the long-term 69k decline.
If you support through the downward trend that has continued since 69k, you will respond with a long position if you fall, and if you cannot break through the downward trend that has continued since 69k, you will respond with a short position if you rise
After rising slightly below 20.4k yesterday, it began to fall strongly and broke to 19k in a heartbeat.
First of all, this alone is negative for the rise, but if you look at Ilbong, a very important signal came out.
The next trend in the candle is the emergence of a long, upper-tailed sound stick, which is very likely to be a strong decline, and the volume of transactions is incredibly strong.
The trading volume is really important, but yesterday's trading volume in the candle unit was much larger than when the 17.6k new low was renewed.
At this rate, the probability of renewing the 17.6k low point is very high.
We recommend that you don't hold a long position until the low point renewal, and let's always keep in mind the low point renewal in mind!
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.