Bitcoin - In a Big Consolidation
As per the title and our previous analyses, Bitcoin is in a big consolidation pattern. The structure seems to be shaping up into a regular flat for more downside, which won't come immediately but will inexorably appear in the near future. Having said that, for those who want to trade within corrective structures, we believe that this cryptocurrency will slowly make it's way back to the 12000 level, before resuming the bigger downtrend. From this moment on, therefore, we will be looking for buy setups on the minor timeframes.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Catatan
On the 60min timeframe, monitor price action closely. Bitcoin has had a minor trend reversal and is currently consolidating with a minor correction. Look for a break to the upside:
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.