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Congratulations to all traders who traded long, in earlier posts I wrote that I stick to the local upward movement in bitcoin. And so yesterday against the background of the ECB increase by 75 basis points, we got the long-awaited local correction of the dollar index, the dollar is getting cheaper bitcoin is getting more expensive. Let's consider two scenarios 1) conditions for continuation of the uptrend 2) under what conditions further Short
Long
Bitcoin needs to consolidate above the level of 20500 dollars now according to the cluster analysis, I see a strong buyer at this level. Strong resistance is 20885-21050 dollars, if we pass it, we go to 21500, and from there we will look at.
Short
The S&P 500 gives up its level, which we mentioned in the previous session, and bitcoin goes below 20500, breaking through 18500. If the S&P gives up, bitcoin will go very deep.
In the analysis of the instrument, I do not adhere to time frames, the reaction in the instrument may occur sooner or later. It is important to understand the price movement in response to the level, as well as the reaction of the buyer and seller. Well, a couple more secrets, but you already have a ready-made script)
Congratulations to all traders who traded long, in earlier posts I wrote that I stick to the local upward movement in bitcoin. And so yesterday against the background of the ECB increase by 75 basis points, we got the long-awaited local correction of the dollar index, the dollar is getting cheaper bitcoin is getting more expensive. Let's consider two scenarios 1) conditions for continuation of the uptrend 2) under what conditions further Short
Long
Bitcoin needs to consolidate above the level of 20500 dollars now according to the cluster analysis, I see a strong buyer at this level. Strong resistance is 20885-21050 dollars, if we pass it, we go to 21500, and from there we will look at.
Short
The S&P 500 gives up its level, which we mentioned in the previous session, and bitcoin goes below 20500, breaking through 18500. If the S&P gives up, bitcoin will go very deep.
In the analysis of the instrument, I do not adhere to time frames, the reaction in the instrument may occur sooner or later. It is important to understand the price movement in response to the level, as well as the reaction of the buyer and seller. Well, a couple more secrets, but you already have a ready-made script)
