LONG Prediction
I am no expert, although I aim to be, and so with that information let me inform you of my markup.
What we see from the start is BTC building up it's value from July 2017, only to come down later in February 2018.
I used two trendlines (found near March 26 and April 9), for the market correction, then BTC broke to the downside and there I created a channel.
I wanted to see where BTC might end up. I looked back into the past and saw price hasn't reached near this level in a while so I will assume there's strong SUPPORT there.
There's two kinds of RAYS I've shown, red and blue, the blue is on this current timeframe and the red another. I see both these as support/resistance or when market switched trends, which I count THREE TAPS to consider it.
If you see the lower trendline, three taps, switch in trend, RED ray act's as support.
The above dotted trendline is on a different timeframe which I thought price would be a moving in and out from.
Remember, trading includes risk, I am no financial adviser.
What we see from the start is BTC building up it's value from July 2017, only to come down later in February 2018.
I used two trendlines (found near March 26 and April 9), for the market correction, then BTC broke to the downside and there I created a channel.
I wanted to see where BTC might end up. I looked back into the past and saw price hasn't reached near this level in a while so I will assume there's strong SUPPORT there.
There's two kinds of RAYS I've shown, red and blue, the blue is on this current timeframe and the red another. I see both these as support/resistance or when market switched trends, which I count THREE TAPS to consider it.
If you see the lower trendline, three taps, switch in trend, RED ray act's as support.
The above dotted trendline is on a different timeframe which I thought price would be a moving in and out from.
Remember, trading includes risk, I am no financial adviser.
הערה
We are at the trendline, so this means a re-entry for those wanting to get in the LONG trade, if you are in set stop loss below 4840.00 (50%).HODL !
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.