Important trend lines for Bitcoin to decide its road
Diupdate
As you can see on the chart, all of the rend lines seem valid.
Based on the current orderbook condition, personally I consider 22500 as the main support here and not 22300 and if the price gets under 22500 then it's going down! As you can see in the orderbook (from tensorcharts) there is a lot of orders waiting at 21400.
On the other hand if the price can get above the green trend line then it can go higher but it seems to have less power for reaching the top trend line.
Personally wait a bit longer to confirm a higher possible scenario. But i think a Higher price would be a better entry for going short with very lower risk.
Based on the current orderbook condition, personally I consider 22500 as the main support here and not 22300 and if the price gets under 22500 then it's going down! As you can see in the orderbook (from tensorcharts) there is a lot of orders waiting at 21400.
On the other hand if the price can get above the green trend line then it can go higher but it seems to have less power for reaching the top trend line.
Personally wait a bit longer to confirm a higher possible scenario. But i think a Higher price would be a better entry for going short with very lower risk.
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nfa & dyor
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