Bitcoin returns to make a candle that retests the channel to go higher.
We will see.
Bitcoin is repeating the same bullish pattern.
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Let's start at
After forming an accumulation channel and after repeating the same movements.
1- Make a false breakup first.
2 - Enter the accumulation channel.
3 - Retest the lower part of the channel, leaving a candle with a wick touching the lower limit.
4 - Rsi of 1hs in oversold.
5 - It continues with its upward trend.
At the time of writing this article, the price of Bitcoin retests the bottom of the channel
What you think. Will we be repeating the same pattern?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
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