Bitcoin breaking local downtrend
Bitcoin has just broken its local downtrend while finding support on an ascending triangle. This looks like a nice, slow accumulation phase.
The next steps are to break local highs, in blue, and the ichi cloud is at the second blue line $11800. Typically, a good long is the end to end play on an ichi cloud, if we pierce through it, i'm taking a position.
to confirm this uptrend, I would say that we need to test and confirm support on the old downtrend.
The red lines are long term support starting from the 3k and 5k region, I was looking at a short but now we have a solid accumulation phase starting.
Not financial advice, just letting people know what I plan to do.
The next steps are to break local highs, in blue, and the ichi cloud is at the second blue line $11800. Typically, a good long is the end to end play on an ichi cloud, if we pierce through it, i'm taking a position.
to confirm this uptrend, I would say that we need to test and confirm support on the old downtrend.
The red lines are long term support starting from the 3k and 5k region, I was looking at a short but now we have a solid accumulation phase starting.
Not financial advice, just letting people know what I plan to do.
Feragatname
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.