What most people don't realize at times like this is to zoom out and check the bigger picture.
This is the weekly chart of bitcoin which show a symmetrical triangle formation and possible bull flag.
Also note how the volume is slowly lowering since the kickoff of the bullish run.
In the shortterm bearish scenario:
My first target is going long 6500-6700
My next target is going long 5300 - 5500
in the shortterm bullish scenario is going short at 9000 and 9500.
In my eyes confirmation of a continued bull run would be a higher top than the previous one with good volume.
Like for example a strong close with not a huge wick above 10k.
These are very safe entries looking at the chart now if the volume keeps the same.
This is the weekly chart of bitcoin which show a symmetrical triangle formation and possible bull flag.
Also note how the volume is slowly lowering since the kickoff of the bullish run.
In the shortterm bearish scenario:
My first target is going long 6500-6700
My next target is going long 5300 - 5500
in the shortterm bullish scenario is going short at 9000 and 9500.
In my eyes confirmation of a continued bull run would be a higher top than the previous one with good volume.
Like for example a strong close with not a huge wick above 10k.
These are very safe entries looking at the chart now if the volume keeps the same.
註釋
UPDATE: Invalid TA due to news.
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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。