HELLO TRADERS, WELCOME TO MY BITCOIN BREAKDOWN
The current chart of Bitcoin offers us three interesting zones which I marked on the chart.
The volume of trades is decreasing, we can see that even after the fall of the dollar, the bulls
do not have the necessary strength to break through the range that Bitcoin is currently creating,
we are even staying in the lower zone of this range below $17.1K
The interesting thing is that if the volumes are steadily decreasing the market is mostly preparing
for a bigger movement, currently if I don't see a closed daily candle above $17.1K I am not very bullish in the short term
The current chart of Bitcoin offers us three interesting zones which I marked on the chart.
The volume of trades is decreasing, we can see that even after the fall of the dollar, the bulls
do not have the necessary strength to break through the range that Bitcoin is currently creating,
we are even staying in the lower zone of this range below $17.1K
The interesting thing is that if the volumes are steadily decreasing the market is mostly preparing
for a bigger movement, currently if I don't see a closed daily candle above $17.1K I am not very bullish in the short term
Note
We respected the marked levels beautifully
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.