[09/06] Beast Trading _ Today's Bitcoin Analysis
[09/06] Beast Trading _ Today's Bitcoin Analysis
On an hour-long basis, Ethereum and Bitcoin do not appear to deviate to one side from their respective patterns.
However, the fluctuation is starting to increase due to the Ethereum merge issue
In general, I felt that Ethereum was leading Bitcoin in recent movements.
In the same upward line, the difference in the increase (buying tax) was also evident, and I think Bitcoin's market dominance may have decreased a little.
First of all, on the chart, Bitcoin has dropped sharply since today's shooting, spitting out all of its gains, and it is now close to the bottom line of convergence.
Due to the relatively large scale of the convergence, deviating from the bottom line can be accompanied by a large additional drop.
(On the contrary, breaking through the top line may be accompanied by a large additional rise)
Ethereum continues to rise due to the influence of the merge issue.
The third picture I uploaded is the Ethereum 5 minute candle, which you can check with the short-term upward trend line.
Before you leave that line, you need to be careful about the Ethereum short position.
Since NASDAQ is also opening today, the fluctuation is likely to be large starting from now.
Let's stick to our own trading principles so that we don't get confused trading!
On an hour-long basis, Ethereum and Bitcoin do not appear to deviate to one side from their respective patterns.
However, the fluctuation is starting to increase due to the Ethereum merge issue
In general, I felt that Ethereum was leading Bitcoin in recent movements.
In the same upward line, the difference in the increase (buying tax) was also evident, and I think Bitcoin's market dominance may have decreased a little.
First of all, on the chart, Bitcoin has dropped sharply since today's shooting, spitting out all of its gains, and it is now close to the bottom line of convergence.
Due to the relatively large scale of the convergence, deviating from the bottom line can be accompanied by a large additional drop.
(On the contrary, breaking through the top line may be accompanied by a large additional rise)
Ethereum continues to rise due to the influence of the merge issue.
The third picture I uploaded is the Ethereum 5 minute candle, which you can check with the short-term upward trend line.
Before you leave that line, you need to be careful about the Ethereum short position.
Since NASDAQ is also opening today, the fluctuation is likely to be large starting from now.
Let's stick to our own trading principles so that we don't get confused trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.