Bitcoin brewing major movement as volatility subdued to extreme
Hi, guys. Welcome to a new week.
Price sideways around $7500 over the weekend, another boring week of whipsawing. But the situation won't last forever like this.
Volatility indicator, as demonstrated via ATR(14), is hitting a new low in 4-hour chart. In the meantime, price movement over the last two weeks has formed a triangle, and now it is compressed to the end of the triangle, which means the bitcoin price must decide its direction soon.
pivot point: 7500
horizontal support 1: 7250
horizontal support 2: 6750
Expected to have a surge or slump this week. Good luck and happy trading.
Price sideways around $7500 over the weekend, another boring week of whipsawing. But the situation won't last forever like this.
Volatility indicator, as demonstrated via ATR(14), is hitting a new low in 4-hour chart. In the meantime, price movement over the last two weeks has formed a triangle, and now it is compressed to the end of the triangle, which means the bitcoin price must decide its direction soon.
pivot point: 7500
horizontal support 1: 7250
horizontal support 2: 6750
Expected to have a surge or slump this week. Good luck and happy trading.
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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.
Related publications
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.