Bitcoin. The trend has changed. How did we know this? Watch now!
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On the first chart we marked the situation on the daily timeframe. On the second chart we marked a very important indicator, which we will talk about a little bit below.
On the daily timeframe we would like to note several important zones. The price tested the first zone for a long time ($44,500 - $45,000). To be exact, the price tested this zone five times. Only after numerous tests the price was able to break through this zone. Now this zone acts as support.
We expect that the price will continue its movement further. Perhaps the price will come back to test the support zone, but after that the upward movement with high probability will continue.
On the second chart, we noted a very important indicator that helps us determine the direction of the trend. It has been two weeks in a row that the bars of the indicator turn green. This lets us know that the trend has changed. We have already opened several positions and we continue to hold them. We also used arrows to mark how it was before and how price reacted to it.
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On the first chart we marked the situation on the daily timeframe. On the second chart we marked a very important indicator, which we will talk about a little bit below.
On the daily timeframe we would like to note several important zones. The price tested the first zone for a long time ($44,500 - $45,000). To be exact, the price tested this zone five times. Only after numerous tests the price was able to break through this zone. Now this zone acts as support.
We expect that the price will continue its movement further. Perhaps the price will come back to test the support zone, but after that the upward movement with high probability will continue.
On the second chart, we noted a very important indicator that helps us determine the direction of the trend. It has been two weeks in a row that the bars of the indicator turn green. This lets us know that the trend has changed. We have already opened several positions and we continue to hold them. We also used arrows to mark how it was before and how price reacted to it.
💚 Please like and subscribe to us to get more ideas like this. We also share signals for free. Don't miss out!
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