Bitcoin has been in a bearish trend after an epic downside break of the weekly channel.
The herd are clearly freaking out and selling at cheap prices to the institutional players.
After the selling climax that occurred at climatic volume at the 25312 level, Bitcoin has been in a range to finally mop up all sells before a push higher, an impulsive break and close above the 32300 shld confirm longs.
Note a spring to trap sellers might occur below the range and if the volume is relatively low, it is best to avoid shorts for now.
This is my own idea and not investment advice. Follow strict risk management practices. Peace.
The herd are clearly freaking out and selling at cheap prices to the institutional players.
After the selling climax that occurred at climatic volume at the 25312 level, Bitcoin has been in a range to finally mop up all sells before a push higher, an impulsive break and close above the 32300 shld confirm longs.
Note a spring to trap sellers might occur below the range and if the volume is relatively low, it is best to avoid shorts for now.
This is my own idea and not investment advice. Follow strict risk management practices. Peace.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。