Let’s dive into the key points of the #BITCOIN analysis 🔍. In yesterday's #BITCOIN post, I discussed two scenarios for growth. The second scenario—uninterrupted growth if the candle closes above 69,280 in the 1-hour timeframe—played out, and after confirming this scenario, we saw about a 3% sharp growth 📈. I hope you caught the previous analysis on time!
#BITCOIN started its growth from the top of its weekly bearish channel (mentioned in previous posts) in a Double-Bottom Pattern within the 1-hour timeframe 📊.
Based on the potential for a top divergence in the daily timeframe (using the MACD indicator), we should draw a trendline to confirm the final growth that validates the Double Bottom Pattern 📝.
This trendline serves as the boundary between bullish and bearish trends. As long as the price remains above this trendline in the 1-hour timeframe, priority goes to growth toward the following targets:
Any drop will be temporary, ultimately concluding at this trendline, after which we would re-enter a bullish trend (follow the dashed line path on the chart) 🔄.
If this bull-trend-line is broken to the downside in the 1-hour timeframe, the trend will shift from bullish to bearish in the short term ⚠️.
In that case, we’d see a drop toward the targets of 67,600.41, 65,681.29, and finally 63,340.89 📉.
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.