Why are bitcoin fluctuations limited in daily and lower timefram
Hello dear friends
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Why are bitcoin fluctuations limited in daily and lower timeframe???
We go to the weekly timeframe to find a technical answer.
Well, we can clearly see that the price is trapped in a small range between credible support and resistance, and it is difficult to breathe.
Next question, can this situation be maintained for a long time ???
Well, the fact is that this probability can logically be an option, but our experience in financial markets shows that because the range between levels is very small, this probability will be significantly reduced, and the probability is stronger that in the short term exit the price from the floor or ceiling.
Personally, I know the probability of the price going beyond the ceiling, but I never invest based on this type of probability.
But small trades can be a better option.
Please read the description on the chart carefully.
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I hope you enjoy this analysis and find it useful.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
-------------------------
Why are bitcoin fluctuations limited in daily and lower timeframe???
We go to the weekly timeframe to find a technical answer.
Well, we can clearly see that the price is trapped in a small range between credible support and resistance, and it is difficult to breathe.
Next question, can this situation be maintained for a long time ???
Well, the fact is that this probability can logically be an option, but our experience in financial markets shows that because the range between levels is very small, this probability will be significantly reduced, and the probability is stronger that in the short term exit the price from the floor or ceiling.
Personally, I know the probability of the price going beyond the ceiling, but I never invest based on this type of probability.
But small trades can be a better option.
Please read the description on the chart carefully.
***********************************************************************************************************
I hope you enjoy this analysis and find it useful.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
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