The neckline at the bottom of W has been broken,go long!
As shown in the figure,
The bottom of Bitcoin is in the form of a W double bottom. At present, the neckline has been broken, and the possibility of rising in the future will become greater.
The MACD shows that it is already above the 0 axis.
In the 4H chart, the 20-day and 60-day moving averages have formed a golden cross.
Focus on the previous red resistance trend line, which has now turned into a support line, I'm guessing it will get some support at the red support line, if you haven't been long, I think near the red trend line is an opportunity to be long, my first A target is tentatively set at 23000.
My conclusion, if the red support line is not broken, it will continue to rise.
Ideas from a trader with over 10 years of trading experience.
The bottom of Bitcoin is in the form of a W double bottom. At present, the neckline has been broken, and the possibility of rising in the future will become greater.
The MACD shows that it is already above the 0 axis.
In the 4H chart, the 20-day and 60-day moving averages have formed a golden cross.
Focus on the previous red resistance trend line, which has now turned into a support line, I'm guessing it will get some support at the red support line, if you haven't been long, I think near the red trend line is an opportunity to be long, my first A target is tentatively set at 23000.
My conclusion, if the red support line is not broken, it will continue to rise.
Ideas from a trader with over 10 years of trading experience.