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Trade Idea on "BITCOIN" by ThinkingAntsOk
4H CHART EXPLANATION:
The main items we observe on the chart are:
a)The daily ascending channel is broken
b)After the breakout of the mentioned channel, the price started a Flat formation
c)Flat formations are considered continuation structures
d)We can see that a new descending channel is formed and now the price is close to the higher trendline of the bearish channel and also
is close to the resistance level area ( the confluence of two areas, TL + RESISTANCE, can be considered as a major reversal zone)
Based on this, if the price breaks down below 7434.0 we expect a continuation of the bearish movement towards the next support zone at 6212.0
DAILY VISION:
The main items we observe on the chart are:
a)The daily ascending channel is broken
b)After the breakout of the mentioned channel, the price started a Flat formation
c)Flat formations are considered continuation structures
d)We can see that a new descending channel is formed and now the price is close to the higher trendline of the bearish channel and also
is close to the resistance level area ( the confluence of two areas, TL + RESISTANCE, can be considered as a major reversal zone)
Based on this, if the price breaks down below 7434.0 we expect a continuation of the bearish movement towards the next support zone at 6212.0
DAILY VISION:
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.