Bitcoin continuation of long trend or selloff?
BTCUSD broke the uptrend. Normally after a trend is broken, the price retests the trend to sell more later.
So bitcoin is facing a heavy resistance zone, where if your are long, its a good idea to take profits. BTCUSD needs some heavy volume and momentum to break that resistance zone.
The resistance zone has to be watched closely. Either for short entry or taking profits.
If the price is just retesting the trend break a heavy drop to 2800$ in a sort of black swan event ist possible. Remember to adjust your stops. Good trading everybody!
So bitcoin is facing a heavy resistance zone, where if your are long, its a good idea to take profits. BTCUSD needs some heavy volume and momentum to break that resistance zone.
The resistance zone has to be watched closely. Either for short entry or taking profits.
If the price is just retesting the trend break a heavy drop to 2800$ in a sort of black swan event ist possible. Remember to adjust your stops. Good trading everybody!
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。