[Chanolja] Bitcoin Check Point
Hello, it's CHANoljA. Let's play.
In this analysis, we are going to point out a few checkpoints in the current bitcoin situation.
1. Bitcoin is on a downward trend.
Depending on your point of view, Bitcoin, which has been going down from about $ 7500 per hour on an hourly basis, is clearly downtrend. Therefore, you can resist the downward trend line.
2. In the small Fibonacci, it is crossing between 38.2% and 61.8%.
When we draw Fibonacci based on the most recent volatility of $ 7,200 and $ 6,600, we are trading between $ 6837 and $ 6973, which is 38.2% in recent days. It hasn't been oriented yet, so it's a good idea to look at it until it becomes clear.
3. Several disparities are converging.
It is based on an hourly wage, but you can see that it converges while gathering from the short-term bi-linearity to the long-term bi-linearity. This is the same as saying that the horizon will unfold and imply the possibility of expansion and the direction of the price will come out.
4. The RSI and MACD indicators are moving exactly in the middle.
It may not be as important in some ways, but both indicators are also moving in the middle, without any direction or trend. I interpret this as a lack of direction and I think it's right to keep looking.
Thank you for reading my post today.
Please everyone! :)
In this analysis, we are going to point out a few checkpoints in the current bitcoin situation.
1. Bitcoin is on a downward trend.
Depending on your point of view, Bitcoin, which has been going down from about $ 7500 per hour on an hourly basis, is clearly downtrend. Therefore, you can resist the downward trend line.
2. In the small Fibonacci, it is crossing between 38.2% and 61.8%.
When we draw Fibonacci based on the most recent volatility of $ 7,200 and $ 6,600, we are trading between $ 6837 and $ 6973, which is 38.2% in recent days. It hasn't been oriented yet, so it's a good idea to look at it until it becomes clear.
3. Several disparities are converging.
It is based on an hourly wage, but you can see that it converges while gathering from the short-term bi-linearity to the long-term bi-linearity. This is the same as saying that the horizon will unfold and imply the possibility of expansion and the direction of the price will come out.
4. The RSI and MACD indicators are moving exactly in the middle.
It may not be as important in some ways, but both indicators are also moving in the middle, without any direction or trend. I interpret this as a lack of direction and I think it's right to keep looking.
Thank you for reading my post today.
Please everyone! :)
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