From ATH 73836$, Bitcoin dumped down to 60k$. Is it a good time to refill or will it continue lower ? We will try to anticipate by looking for breakouts using RSI and volume profile.
The RSI has completed an head and shoulders pattern, falling back to 50 in value and entering a triangle between ascending support and falling resistance. A breakout from this triangle will tell us the direction for the next move.
Volume Profile shows us that there is a lot of trading volume from 66k up to 69k$. If price breaks above 69k then there will be no barrier to the upside. Until then Bitcoin remains weak.
The RSI has completed an head and shoulders pattern, falling back to 50 in value and entering a triangle between ascending support and falling resistance. A breakout from this triangle will tell us the direction for the next move.
Volume Profile shows us that there is a lot of trading volume from 66k up to 69k$. If price breaks above 69k then there will be no barrier to the upside. Until then Bitcoin remains weak.
Anmerkung
Breakout:Next Target according to prev monthly R2 Pivot is 77 787$.
Trade ist aktiv
The breakout is more clear now.There is one resistance left that is on the RSI, the upper descending channel.
77k$ is the target.
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🔥Get the Cyatophilum Indicators today and automate them on Binance! => blockchainfiesta.com/strategies/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.