summery
We will analyze Bitcoin on the daily timeframe regarding this critical week
Analysis
A daily candle that has drilled through the heavy resistance level of 120,000 up to around 123,000 can only mean one thing: if the candle closes in this manner, I anticipate a healthy bullish move in the lower timeframes this week .
However, we must remember that today’s candle needs to close green, and tomorrow’s candle should never be a weak or small one.
Trade Plan
You should be ready to open positions in the lower timeframes tomorrow, but never forget risk and capital management!
Disclaimer
This content is purely analytical in nature and should not be interpreted as financial advice or a trading signal. All trading decisions and their outcomes are entirely the responsibility of the trader. The cryptocurrency market is highly volatile and may lead to the loss of part or all of your capital. Always conduct your own analysis and apply proper risk and capital management before entering any trade.
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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.
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.