[08/11] Beast Trading _ Today's Bitcoin Perspective
Beast Trading _ Today's Bitcoin Perspective
Recently, if Bitcoin continues to set a short-term trend, it continues to move in that direction.
Currently, it is such a trend, but yesterday's CPI announcement showed 8.5 which is lower than the expected 8.7, resulting in a strong rise with a huge trading volume along with NASDAQ.
Looking at the overall wave, the C wave ends briefly at 22.6k, where the bottom line of the large parallel channel meets, and the adjustment of the increase from 20.7k to 24.7k has ended, and it seems that a new upward trend has begun.
So, for now, we're expecting 24.7k (high point) to break through, and we're looking forward to 26-27 lines.
As Bitcoin rises as the dominion decreases, there is a possibility that alt coin pumping will start.
The resistance hanging above is currently 24.5 to 24.6k with a downward trend from 32k, with a full-point resistance of 24.7k and a peripheral channel break of 25k.
Entering the short position will not be a good choice for profit and loss because there are not many sales stands above if it breaks the overall high point.
I hope you get good results today!
Recently, if Bitcoin continues to set a short-term trend, it continues to move in that direction.
Currently, it is such a trend, but yesterday's CPI announcement showed 8.5 which is lower than the expected 8.7, resulting in a strong rise with a huge trading volume along with NASDAQ.
Looking at the overall wave, the C wave ends briefly at 22.6k, where the bottom line of the large parallel channel meets, and the adjustment of the increase from 20.7k to 24.7k has ended, and it seems that a new upward trend has begun.
So, for now, we're expecting 24.7k (high point) to break through, and we're looking forward to 26-27 lines.
As Bitcoin rises as the dominion decreases, there is a possibility that alt coin pumping will start.
The resistance hanging above is currently 24.5 to 24.6k with a downward trend from 32k, with a full-point resistance of 24.7k and a peripheral channel break of 25k.
Entering the short position will not be a good choice for profit and loss because there are not many sales stands above if it breaks the overall high point.
I hope you get good results today!