Bitcoin - you need to overcome resistance to grow!
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Guys, some thoughts on the futures chart:
The ascending channel in which we have been for so long was broken by the downward movement to the $ 28,850 zone, I wrote about this earlier and said in each of my posts that I expect such a scenario and therefore I held a short position for more than a month, the plan worked out for me, we left the channel I fixed a profit, cheers)
At the moment, the price of bitcoin is trying to return back to its usual range of $29,800-$30,400, or rather, the buyer is trying to return the price, but the seller’s strength continues to dominate, and as we can see on the chart, we received a reaction from the mirror level of $29,670, the upper part of the channel and bitcoin is again going to test the local support, channel from below.
I expect that we will still see a movement below $29,000, but I don’t see a super big drain yet, maybe it will happen through a rebound to $30,000-30,400 and from there it will go to break through the support of $28,000-27,500
Friends, not financial advice, just sharing my thoughts on the schedule, at the moment I am out of position, just watching from the side :)
Guys, some thoughts on the futures chart:
The ascending channel in which we have been for so long was broken by the downward movement to the $ 28,850 zone, I wrote about this earlier and said in each of my posts that I expect such a scenario and therefore I held a short position for more than a month, the plan worked out for me, we left the channel I fixed a profit, cheers)
At the moment, the price of bitcoin is trying to return back to its usual range of $29,800-$30,400, or rather, the buyer is trying to return the price, but the seller’s strength continues to dominate, and as we can see on the chart, we received a reaction from the mirror level of $29,670, the upper part of the channel and bitcoin is again going to test the local support, channel from below.
I expect that we will still see a movement below $29,000, but I don’t see a super big drain yet, maybe it will happen through a rebound to $30,000-30,400 and from there it will go to break through the support of $28,000-27,500
Friends, not financial advice, just sharing my thoughts on the schedule, at the moment I am out of position, just watching from the side :)
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