Hi guys. Did you go long the bitcoin? I didn't go long it. No worry, we still have chance.
Look at the purple line, you can see inverse head and shoulders pattern is forming. I am pretty sure if the price breaks through the purple neck line, you can go long bitcoin.
But this moment, can we go long the bitcoin? I don't think so. Why? Because the trading volume. I don't think the volume of trading in bitcoin has been high enough when it was surging.
So I prefer the price will fall down to test the red support level and then go up(the blue line). I have to say if you are afraid of missing out the market, go long ETH right now. Because the ETH volume of trading is large enough. The enough volume will support the ETH bullish.
The second option is the red line. The price will go up until break out the red level. If it happens, go long the bitcoin.
I WILL UPDATE MY IDEA TOMORROW. THANK YOU.
Look at the purple line, you can see inverse head and shoulders pattern is forming. I am pretty sure if the price breaks through the purple neck line, you can go long bitcoin.
But this moment, can we go long the bitcoin? I don't think so. Why? Because the trading volume. I don't think the volume of trading in bitcoin has been high enough when it was surging.
So I prefer the price will fall down to test the red support level and then go up(the blue line). I have to say if you are afraid of missing out the market, go long ETH right now. Because the ETH volume of trading is large enough. The enough volume will support the ETH bullish.
The second option is the red line. The price will go up until break out the red level. If it happens, go long the bitcoin.
I WILL UPDATE MY IDEA TOMORROW. THANK YOU.