Bitcoin happened to be in a falling wedge formation, which is short term bearish sign, but mid term bullish! We have seen two practically SAME formations in this falling wedge - first uptrend, touch the resistance line and then quite a nice downtrend until we touched the support line. Now it began totally the same way, so we can await the same process - getting slowly down to the trendine.
This gives us a target of 5500, but we have a couple of supports on the way, so according to a price action we could also stop somewhere at 6000 USD. So I am seeing the buyzone for Bitcoin 6000-5500 USD if everything goes by this plan.
BUT don´t forget that right now with 6500 USD we are also on a strong support and we might NOT REACH the support trendline, so for people who like to build trade positions on different levels, it´s time to start building it now and add on 6000 and 5500 level if we reach them.
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Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.