[09/30] Beast Trading _ Today's Bitcoin Analysis
[09/30] Beast Trading _ Today's Bitcoin Analysis
In a slightly larger view, Bitcoin is continuing to move sideways.
It's moving a lot, mostly within 18.6 to 19.6k, and it continues to show the shape of a trigonometrium.
Usually, if you continue to walk sideways and then leave to one side, it usually bounces a lot, but you should think about this and be careful when you leave to one side.
It's not as neat convergence as before, it's not a neat box pattern, and the trend lines are messy.
The response is relatively difficult compared to before, so I think it will be very important.
First is the supporting section (if broken, the probability of further drop increases)
1. Green rising trend line (connection of short-term lows)
2. Orange Convergence Bottom Line
3. Low point 18.1k (There is a high probability of breaking it if you come here, and if you break it, there is a high probability of a significant drop.)
The following are the resistance intervals: (If broken, the probability of further rise is increased)
1. Orange convergence top line
2. The highest point, 20.4k
3. Declining trend line from 69k (very important, if you break through and close above the trend line, respond with a long position if you fall)
Good luck :)
In a slightly larger view, Bitcoin is continuing to move sideways.
It's moving a lot, mostly within 18.6 to 19.6k, and it continues to show the shape of a trigonometrium.
Usually, if you continue to walk sideways and then leave to one side, it usually bounces a lot, but you should think about this and be careful when you leave to one side.
It's not as neat convergence as before, it's not a neat box pattern, and the trend lines are messy.
The response is relatively difficult compared to before, so I think it will be very important.
First is the supporting section (if broken, the probability of further drop increases)
1. Green rising trend line (connection of short-term lows)
2. Orange Convergence Bottom Line
3. Low point 18.1k (There is a high probability of breaking it if you come here, and if you break it, there is a high probability of a significant drop.)
The following are the resistance intervals: (If broken, the probability of further rise is increased)
1. Orange convergence top line
2. The highest point, 20.4k
3. Declining trend line from 69k (very important, if you break through and close above the trend line, respond with a long position if you fall)
Good luck :)
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.