Hello, it's CHARNZA. Let's play.
While on vacation for a while, bitcoin prices have risen a lot.
I commented on the resistance of Fibonacci in the current trend of Bitcoin.
Based on the 4/2 standard bar, when calculating the section of 50%, which is $ 6,630 (intersection) and 61.8%), it will be around $ 7,580, which is currently 1.618% of Bitcoin.
Also, starting on the 4th of 6th, we entered the oversold section of the RSI, and this is simply an overbought, so it is good to note that the oversold section during the upward trend can continue this trend.
In addition, it is dangerous to enter a short immediately because Bitcoin is characterized by going without knowing where the end is during the upward trend, and I think it will be more helpful to trade by focusing on calculating the profit / loss ratio.
Thank you for reading my post today.
While on vacation for a while, bitcoin prices have risen a lot.
I commented on the resistance of Fibonacci in the current trend of Bitcoin.
Based on the 4/2 standard bar, when calculating the section of 50%, which is $ 6,630 (intersection) and 61.8%), it will be around $ 7,580, which is currently 1.618% of Bitcoin.
Also, starting on the 4th of 6th, we entered the oversold section of the RSI, and this is simply an overbought, so it is good to note that the oversold section during the upward trend can continue this trend.
In addition, it is dangerous to enter a short immediately because Bitcoin is characterized by going without knowing where the end is during the upward trend, and I think it will be more helpful to trade by focusing on calculating the profit / loss ratio.
Thank you for reading my post today.