Bitcoin - it will help you to buy at the bottom ๐
Bitcoin update
-There's a wedge on the chart
-The price broke the lower boundary of the wedge
-Tested as resistance
Price is now heading down, I can't say we will go any lower, but if price tests the daily high at $44,500 as support, that would be a good buying opportunity.
If the daily candlestick closes below $42,000, there is a good chance that the next low will be at $37,300, which is an important level because it is the local low in the daily timeframe. The medium-term traders set their stop losses below that level, therefore there is a lot of liquidity and if the price comes there, at least we can expect a bounce, and at most we can expect the end of the correction and reversal.
-There's a wedge on the chart
-The price broke the lower boundary of the wedge
-Tested as resistance
Price is now heading down, I can't say we will go any lower, but if price tests the daily high at $44,500 as support, that would be a good buying opportunity.
If the daily candlestick closes below $42,000, there is a good chance that the next low will be at $37,300, which is an important level because it is the local low in the daily timeframe. The medium-term traders set their stop losses below that level, therefore there is a lot of liquidity and if the price comes there, at least we can expect a bounce, and at most we can expect the end of the correction and reversal.
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