What has Bit done and what does it want to do?
HEY, I'm back🫡
What happened to Bit: We were moving in an ascending channel and as you can see, after each hit to the bottom of the channel, we saw a 10% growth, but on the last 5% hit, we could consider weakness. Also, after breaking the 64480 resistance, the candles became smaller over time and a distribution was formed in a lower time frame, and our volume was also killed :)
For these reasons, we could give the possibility of falling↘️
What does the next part of the beat want to do?
I think we are at an important decision point and there is a high probability that we will stay between resistance and support and not make a particular move, but if the 64480 resistance breaks the long position we can
If the support of the 62650 position is broken now, we can take a short position, I need to create a more structured market to get more information. And I will update👨💻
This analysis is just my opinion and it can be wrong😉
⚠️Do capital management⚠️
What happened to Bit: We were moving in an ascending channel and as you can see, after each hit to the bottom of the channel, we saw a 10% growth, but on the last 5% hit, we could consider weakness. Also, after breaking the 64480 resistance, the candles became smaller over time and a distribution was formed in a lower time frame, and our volume was also killed :)
For these reasons, we could give the possibility of falling↘️
What does the next part of the beat want to do?
I think we are at an important decision point and there is a high probability that we will stay between resistance and support and not make a particular move, but if the 64480 resistance breaks the long position we can
If the support of the 62650 position is broken now, we can take a short position, I need to create a more structured market to get more information. And I will update👨💻
This analysis is just my opinion and it can be wrong😉
⚠️Do capital management⚠️
Nota
involved in the desired supportNota
I am waiting for the candle to close under the support in the 15-minute time frame
The position is a bit risky because it did not react well to the resistance⚠️🫡
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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.