Bitcoin / TetherUS
Aktualisiert

Bitcoin is in compression area, watch this for the next move.

501
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.

Anmerkung
Breakout:
Snapshot

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.
Snapshot

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.