Hi everyone, I'm going to do quick update about the Bitcoin Currently, We are in the Short-term Bearish Market.
Some factors for Long-term Pullish market:
Price Factors: - The price still heading down to the strong Support Area (12270.72 - 13072.54). This area still holding and rejected the price to move down many times. - The price showing some signs of rejection above the Support Area. - The price is on top of Price Channel. - Further, Take a look at the Green Box that I already spotted. This is the mini Range and price so close the bottom of the Range. - Also in a potential Demand Area. - The price in the bottom of Falling Wedge ( Reversal pattern ).
Indicator Factors: - We're on top of Ichimoku Cloud. - The price try to dip below the Base + Conversion line. - Stoch RSI showing the down move bias but near the Oversold Area. - MACD showing down move but may not last long.
Conclusion: For me, this is a very potential area to take my position. - Entry price: 12270 - 13072 - Target 1: 24536.46 - 25214.99 ( Also consider a New Time High ) - Target 2: 30851.65 - 32237.33 Happy Trading.
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.