Short position After 29287 Risk to reward 1 at the price of 29023 risk free with trail stop Profit limit 28,791 ------------- Long position After 29529 4-hour support at the price of 29,683 risk-free with trail stop Profit limit 29,800 to 29,825
According to the analysis we had yesterday, as expected, the price is resting and bullish. The market was able to shape itself and provide us with new data and we updated our support and resistance lines according to this data which gave us a better view of the market. Of course, it should be noted that the market has not yet been able to exit the general downward...
Bitcoin has started a strong uptrend and managed to break out of our descending channel in the 4-hour time frame. In the bullish channel drawn for him, I expect him to bear down a bit to the bottom of the bullish channel and then start a Sharpie bullish move to successfully break the daily resistance (orange line). If the daily resistance is broken, we enter a buy...
Hi guys I am sharing today's daily bitcoin analysis I must say that the market is still uncertain As long as the price is in the box and the market is uncertain, I cannot take a strong position Although the general trend is downward, he still does not know what he wants to do, and any position he opens in this field is high risk. Given that we have a lot of news...
Bitcoin daily technical analysis Currently, Bitcoin is inside a box and we cannot take a secure position until it comes out of the box. If it goes down from the box, it can be entered according to the short position, but if it moves up from the box, we have to see if it breaks the ceiling of the descending channel? Then we follow the signs to safely enter the...