In a short term perspective: Bitcoin has had a bull squeeze and is slowly moving down. The volume indicates that the price wants to move lower by having higher volumes during downwards movement. Open interest is very low at the moment.
If price falls below $4420, it will probably trade lower, back in to $3K ranges. However, if the price falls, it will be respecting a descending parallel channel, which is a traditional bull flag.
Keep in mind, even a bull flag may not break out much in current market conditions.
Keep a eye on the traditional stock markets for any drastic moments, bitcoin is likely to follow based on recent trend patterns.
Stay safe and happy trading!
If price falls below $4420, it will probably trade lower, back in to $3K ranges. However, if the price falls, it will be respecting a descending parallel channel, which is a traditional bull flag.
Keep in mind, even a bull flag may not break out much in current market conditions.
Keep a eye on the traditional stock markets for any drastic moments, bitcoin is likely to follow based on recent trend patterns.
Stay safe and happy trading!
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Smart Crypto Association [ SCA ]
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。