Saturday, November 9, 2024

Bitcoin, D1.

Bitcoin, D1.
It is clearly visible that the price of this instrument has broken through the historical maximum and has frozen above the level.
I do not think that this is a new high.
We can judge whether a high has been formed or not only by means of future small movements up or down.
There are no such movements now, therefore, we have no right to state the fact that we have a high.
Continuing.
We already understand that the high will be above the previous historical maximum, now we need to carefully look at where the low will be formed!!!
It is the low that will show whether there will be consolidation behind the broken historical maximum or we will observe a false breakout.




More information on my YouTube channel, in my Telegram.
YouTube: https://www.youtube.com/channel/UCsD1UTChVG5MrXl7zJESpVw
Telegram: https://t.me/Basics_Trading

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