Rough trading water - Bitcoin choppiness until October?
Bitcoin is still bouncing around two directions. It seems the bears want the price to go down one more time to test the low around $450. We need to stay above the very old slowly ascending trend lines to stay in the ultra several year long-term uptrend which started way below $100 (one of these trendlines in this chart started at in Nov 2011).
Possible scenario: Pullback to a price below $500 (and above $440). The risk taking traders load up and buy back cheap there - based on that double bottom we finally have a start of a new uptrend.
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P.S. My original "safe" short target if the price sinks below $493 was $455 (instead of $450), but after some adjustment at the stop loss price the chart shows $457. Another short target idea is $477.
Possible scenario: Pullback to a price below $500 (and above $440). The risk taking traders load up and buy back cheap there - based on that double bottom we finally have a start of a new uptrend.
---
P.S. My original "safe" short target if the price sinks below $493 was $455 (instead of $450), but after some adjustment at the stop loss price the chart shows $457. Another short target idea is $477.
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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.
İlgili yayınlar
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.