BitcoinShort
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:
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.