[08/12] Beast Trading _ Today's Bitcoin Perspective
[08/12] Beast Trading _ Today's Bitcoin Perspective
Bitcoin continued to be accompanied by buying yesterday, renewing its high point as predicted by the market.
However, since the high-point renewal position is the section where one wave is over, it usually falls after the high-point renewal.
Yesterday, it also renewed its high point and touched the Fibonacci 0.5 section from 32.4k to low point, and showed a decline without breaking through the blue upward trend and parallel channel break.
Before falling, I expected Bitcoin/Etherium to fall by 1 hour in the field room, with my head bent downward from the high point of Divergence Confirmation + 4 hours Stocastic (533). Currently, the 4-hour Stocastic (533) is coming back to the bottom and looking for a rebound.
The market picture is 4 hours/per-bill, and the important support/resistance line in the big frame is
The bottom line of the channel following the red circle is the support line,
Resistance lines are green Fibonacci 0.618 (26750), 0.786 (29240), 0.886 (30710)
Parallel channel break line 25300
Parallel channel top line 27300
It's going to be about 25400 blue uptrend.
+ dominance
Additionally, the Dominion continues to fall, and if there had been a sideways or additional rise from yesterday's high, the Alt's full-fledged pumping would have begun, but the decline has been stronger than expected, so it is ambiguous.
You'd better wait and see before proceeding with the altcoin trading.
Bitcoin continued to be accompanied by buying yesterday, renewing its high point as predicted by the market.
However, since the high-point renewal position is the section where one wave is over, it usually falls after the high-point renewal.
Yesterday, it also renewed its high point and touched the Fibonacci 0.5 section from 32.4k to low point, and showed a decline without breaking through the blue upward trend and parallel channel break.
Before falling, I expected Bitcoin/Etherium to fall by 1 hour in the field room, with my head bent downward from the high point of Divergence Confirmation + 4 hours Stocastic (533). Currently, the 4-hour Stocastic (533) is coming back to the bottom and looking for a rebound.
The market picture is 4 hours/per-bill, and the important support/resistance line in the big frame is
The bottom line of the channel following the red circle is the support line,
Resistance lines are green Fibonacci 0.618 (26750), 0.786 (29240), 0.886 (30710)
Parallel channel break line 25300
Parallel channel top line 27300
It's going to be about 25400 blue uptrend.
+ dominance
Additionally, the Dominion continues to fall, and if there had been a sideways or additional rise from yesterday's high, the Alt's full-fledged pumping would have begun, but the decline has been stronger than expected, so it is ambiguous.
You'd better wait and see before proceeding with the altcoin trading.
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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.