I won't introduce myself as the amateur trader anymore, you already know that from previous ideas if you read it :)
We all know that whether bitcoin goes long or short, it moves in a short term movements, long, short and flat
As you can see in my chart, i used the log scale to track the trend in the big picture which is a downtrend (yellow lines) we didn't yet exit!
currently we still in the medium uptrend (blue lines) and the small uptrend (purple lines), we are approaching the break of the 3,950 then 4,050 then 4,350
Also keep in mind the resistance of EMA 200 and EMA 300 before finally if we broke all of these resistances with good volume to swing to the up line of the big downtrend which is around 6,000
Good luck guys, trade safe within the ranges i mentioned, but keep in mind that this is not a financial advice.
Thanks for reading!
We all know that whether bitcoin goes long or short, it moves in a short term movements, long, short and flat
As you can see in my chart, i used the log scale to track the trend in the big picture which is a downtrend (yellow lines) we didn't yet exit!
currently we still in the medium uptrend (blue lines) and the small uptrend (purple lines), we are approaching the break of the 3,950 then 4,050 then 4,350
Also keep in mind the resistance of EMA 200 and EMA 300 before finally if we broke all of these resistances with good volume to swing to the up line of the big downtrend which is around 6,000
Good luck guys, trade safe within the ranges i mentioned, but keep in mind that this is not a financial advice.
Thanks for reading!