[10/17] Beast Trading _ Today's Bitcoin Analysis
Bitcoin Analysis
Bitcoin analysis.
Since the announcement of the CPI, there have been many unpredictable movements.
It's relatively difficult to predict, so I recommend you to buy and sell mainly in response.
Today, I will give you a simple prediction and response line.
First, if you look at the blue triangle in the picture, you can see that it comes in the form of a rising wedge.
The typical downward pattern was completed as it left the bottom line of Rising Wetland, and since then, it has fallen to the bottom line of Rising Wetland due to a strong rebound.
This is seen as a test of resistance, and it seems to give a boost to the possibility of a decline.
Next is the stand for sale.
It is a short-term sale line in the main exchange color, and there is a possibility that it will be supported in this section as it has a lot of lateral walks.
However, if it is broken, there is not much land for sale below it, so there is a high possibility of an additional drop. The line you need to check.
The following is a trend line that always comes from 69k, which is not omitted from the analysis
Since the last CPI announcement, it has rebounded significantly after breaking the 69k trend line, but if there is a big drop, you should check it carefully.
It acts as a strong support line, but if broken, it can be accompanied by a strong drop. Critical response line.
And it's a big red triangle, a descending triangle pattern, where the bottom line acts as a support, the top line acts as a resistance, and if either one of them is pierced, it's likely to go in that direction. (Descending triangle is usually a pattern with a slightly higher probability of falling.)
You have to check out this big triangular convergence!
It's hard to predict because the intestines are so difficult. Look at the chart and check the important movements that come out then and proceed with the sale!
Have a great day today. Haha
Bitcoin analysis.
Since the announcement of the CPI, there have been many unpredictable movements.
It's relatively difficult to predict, so I recommend you to buy and sell mainly in response.
Today, I will give you a simple prediction and response line.
First, if you look at the blue triangle in the picture, you can see that it comes in the form of a rising wedge.
The typical downward pattern was completed as it left the bottom line of Rising Wetland, and since then, it has fallen to the bottom line of Rising Wetland due to a strong rebound.
This is seen as a test of resistance, and it seems to give a boost to the possibility of a decline.
Next is the stand for sale.
It is a short-term sale line in the main exchange color, and there is a possibility that it will be supported in this section as it has a lot of lateral walks.
However, if it is broken, there is not much land for sale below it, so there is a high possibility of an additional drop. The line you need to check.
The following is a trend line that always comes from 69k, which is not omitted from the analysis
Since the last CPI announcement, it has rebounded significantly after breaking the 69k trend line, but if there is a big drop, you should check it carefully.
It acts as a strong support line, but if broken, it can be accompanied by a strong drop. Critical response line.
And it's a big red triangle, a descending triangle pattern, where the bottom line acts as a support, the top line acts as a resistance, and if either one of them is pierced, it's likely to go in that direction. (Descending triangle is usually a pattern with a slightly higher probability of falling.)
You have to check out this big triangular convergence!
It's hard to predict because the intestines are so difficult. Look at the chart and check the important movements that come out then and proceed with the sale!
Have a great day today. Haha