Bitcoin cannot establish a new trend, and maintains a sideways trend. The rise may be the most likely outcome in the end.
According to the support and resistance strategy, this $93,000 price area is a support area and has more than one price bounce,
According to the support and resistance strategy, this $100,000 price area is a resistance area and has more than one price bounce
The appropriate solution if the price breaks through one of the supports or resistances after establishing the sideways channel,
Its breakout will be objective, according to the strategy, and we will decide that it is about to start a trend formation phase, 📈📉
Analysis with some probabilities in describing the trend;
So:
The price may draw new boundaries for it between (support and resistance) from downward and upward —
And it will remain in the shadow of respecting the maximum boundaries (of support and resistance)
Thus, search for the end of the matter,
According to the support and resistance strategy, this $93,000 price area is a support area and has more than one price bounce,
According to the support and resistance strategy, this $100,000 price area is a resistance area and has more than one price bounce
The appropriate solution if the price breaks through one of the supports or resistances after establishing the sideways channel,
Its breakout will be objective, according to the strategy, and we will decide that it is about to start a trend formation phase, 📈📉
Analysis with some probabilities in describing the trend;
So:
The price may draw new boundaries for it between (support and resistance) from downward and upward —
And it will remain in the shadow of respecting the maximum boundaries (of support and resistance)
Thus, search for the end of the matter,
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.