In a few days halving occurs, they are key days and we must review the figures that form and their trend
In the publication we saw indicators that indicated a possible upward trend confirmed in Bitcoin, today I bring you a figure, a triangle that could take the price up to $ 10,500 dollars.
Let's see
In the formation of a possible triangle, ABCDE, and has already formed ABCD
If we measure the height of the triangle and project the possible increase or decrease in the price, we could estimate a possible target price
Bullish
Bearish
If it breaks to the downside, it could indicate a mining capitalization due to the proximity of halving (They sell Bitcoin to buy new, more efficient equipment, getting rid of the old one)
If we analyze the RSI, we see that the price is in the intermediate zone, a 4-hour chart. which does not reflect a defined trend.
What you think?
Does Bitcoin's Price Break Up or Down?
Leave your comment or your vote. Your opinion and participation is important
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.
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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.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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