Hi Guys
The chart shows BTC vs USDT on the 8 hourly on Coinbase.
Bitcoin is bouncing off the June 2021 ATL (Green Horizontal Line), which is seemingly providing a level of support so far.
Bitcoin is about to re-enter a downward parallel channel (Red Lines) in which you can see has formed strong price points (support/resistance) with the white highlights.
Breaking this channel with strong volume would be a bullish move.
Right now we are getting a lot of side action but it will have to end at some point.
What are your thoughts guys, bullish or bearish?
Like if you agree.
Many thanks,
Casey
Disclaimer: Not professional Advice
The chart shows BTC vs USDT on the 8 hourly on Coinbase.
Bitcoin is bouncing off the June 2021 ATL (Green Horizontal Line), which is seemingly providing a level of support so far.
Bitcoin is about to re-enter a downward parallel channel (Red Lines) in which you can see has formed strong price points (support/resistance) with the white highlights.
Breaking this channel with strong volume would be a bullish move.
Right now we are getting a lot of side action but it will have to end at some point.
What are your thoughts guys, bullish or bearish?
Like if you agree.
Many thanks,
Casey
Disclaimer: Not professional Advice
노트
Bitcoin has hit the lower parallel channel line. The bullish response would be a double 8 hour close above 30.4k. Also strong volume to keep the impulse going.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.