Let's look at the local and global picture on the bitcoin chart.
Locally, a falling wedge pattern has formed on the chart.
The price starts to squeeze to the upper boundary, which is a signal for a breakout. But we have to be careful because a false breakout might occur.
Globally it is worth pointing out that today is the close of the month. Today is a very important day. If the monthly bar closes above the level of 58,773$, that will be a test of the monthly high as support, which is a strong bullish signal. If it closes below the level, it is worth reducing your risk as technically it would be a bad signal.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Locally, a falling wedge pattern has formed on the chart.
The price starts to squeeze to the upper boundary, which is a signal for a breakout. But we have to be careful because a false breakout might occur.
Globally it is worth pointing out that today is the close of the month. Today is a very important day. If the monthly bar closes above the level of 58,773$, that will be a test of the monthly high as support, which is a strong bullish signal. If it closes below the level, it is worth reducing your risk as technically it would be a bad signal.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Note
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You will learn:
- Why we bought
- Lower TF analysis
- Global picture
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Get access to the private club with VIP signals
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
Related publications
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.