Suitable zones for LONG and SHORT on BTC.
BTC managed to fall by $ 800 yesterday, and then go back.
Such behavior implies high volatility and indecision.
Suitable for scalp traders and daily traders.
However, if you are interested in a long-term investment, follow the limits of our trendline.
Yesterday we bounced for the second time but it takes more volumes to overcome the horizontal resistance, we are definitely not bull on short term!
In the horizontal resistance area, you can search for inputs at Short.
Attention: if we destroy the trendline with high volumes, the probability of getting to prices below $ 4K.
Such behavior implies high volatility and indecision.
Suitable for scalp traders and daily traders.
However, if you are interested in a long-term investment, follow the limits of our trendline.
Yesterday we bounced for the second time but it takes more volumes to overcome the horizontal resistance, we are definitely not bull on short term!
In the horizontal resistance area, you can search for inputs at Short.
Attention: if we destroy the trendline with high volumes, the probability of getting to prices below $ 4K.
In the near future, however, I expect movement, still follow our trendline and horizontal resistance.
Volumes are low, and yesterday's attempt at growth was quickly rejected
Today we also tested the new $ 5000 support.