Price has bounced on $60,000, so I think we will oscillate here to form a bear flag, before dropping lower to reach the next demand zone.
The bounce from $54,000 should provide a great trade opportunity as it returns to the big even at $60,000, before dropping back down for a retest of $54,000.
The bounce from $54,000 should provide a great trade opportunity as it returns to the big even at $60,000, before dropping back down for a retest of $54,000.
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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.