Tight range, bulls defending 20day MA to preserve uptrend
So what is happening with bitcoin?
As long as the 20day ma is still holding without a solid candle close below, the uptrend is still valid. But as we can see, the price is being sandwiched in a very tight zone between the 8day ma and the 20day ma suggesting a violent break to either side. Bitcoin faces tough resistance above 38k. Closest supports are 28k and 24k.
It will be bearish the moment 20day ma is lost and becomes a resistance, signifying a downtrend reversal.
As long as the 20day ma is still holding without a solid candle close below, the uptrend is still valid. But as we can see, the price is being sandwiched in a very tight zone between the 8day ma and the 20day ma suggesting a violent break to either side. Bitcoin faces tough resistance above 38k. Closest supports are 28k and 24k.
It will be bearish the moment 20day ma is lost and becomes a resistance, signifying a downtrend reversal.
註釋
20DAY MA still not technically lost although candles have gone below both 8day and 20day ma註釋
death cross prevented on 4 hourly by bulls so far
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。
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。