Exited the 20,000 down trendline, what next?
We exited the down trendline formed and tested since 20,000 on the daily.
This is actually pretty solid for Bitcoin.
However because it's been such a strong trendline for the whole of 2018, I believe it MUST be tested, wether that will be in the next few candles or 30 candles later, it's hard to tell.
What important to keep in mind is that the more candles pass, the lower the trendline support will be, so the lower the price will have to go to test it.
Hope you find this angle of looking at it a useful insight. If you do, press the like button :)
This is actually pretty solid for Bitcoin.
However because it's been such a strong trendline for the whole of 2018, I believe it MUST be tested, wether that will be in the next few candles or 30 candles later, it's hard to tell.
What important to keep in mind is that the more candles pass, the lower the trendline support will be, so the lower the price will have to go to test it.
Hope you find this angle of looking at it a useful insight. If you do, press the like button :)
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.