In this analysis, two long and short positions are specified for risk-averse friends.
Bitcoin is in a falling trend in hourly time, so we can consider the possibility of further falling for Bitcoin, but according to the divergence, there is a possibility of a one percent growth for Bitcoin, in which case it will reach an important target.
If this resistance is broken, a head and shoulder pattern will be formed and we can hope for a 4% growth for Bitcoin, but this growth requires the breaking of this resistance range.
Bitcoin is in a falling trend in hourly time, so we can consider the possibility of further falling for Bitcoin, but according to the divergence, there is a possibility of a one percent growth for Bitcoin, in which case it will reach an important target.
If this resistance is broken, a head and shoulder pattern will be formed and we can hope for a 4% growth for Bitcoin, but this growth requires the breaking of this resistance range.
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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.