Bitcoin price in good shape, making higher highs all 2020 since March lows.
So far it didn't make any significant reload like -33% drawdown or more, so it is normal to wait for bigger corrections.
Take a closer look to Moving Average behaviour (MA) on chart — Faster MA (red) moved much higher than slower MA violet color. This only means that prices will calm down a little and MA will come closer (or crossover).
The Moving Averages confirms idea for correction move.
On another confirming signs we can see Trend Line which have too straight angle. Such trends don't exist for too long.
DYOR, and do not forget to share your vision.
BR,
Artem Shevelev
So far it didn't make any significant reload like -33% drawdown or more, so it is normal to wait for bigger corrections.
Take a closer look to Moving Average behaviour (MA) on chart — Faster MA (red) moved much higher than slower MA violet color. This only means that prices will calm down a little and MA will come closer (or crossover).
The Moving Averages confirms idea for correction move.
On another confirming signs we can see Trend Line which have too straight angle. Such trends don't exist for too long.
DYOR, and do not forget to share your vision.
BR,
Artem Shevelev
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.