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Technical analysis by Easy_Explosive_Trading about Symbol BTC: Buy recommendation (11/1/2024)

https://sahmeto.com/message/2936116
Easy_Explosive_Trading
Easy_Explosive_Trading
Rank: 4482
1.8
Buy،Technical،Easy_Explosive_Trading

https://www.tradingview.com/x/5JHZs0lR/Bitcoin BTCUSD since arriving back up at the triple-top high zone and it would seem is preparing to launch a breakout of its price to all new higher-highs and higher lows, but perhaps Bitcoin's consolidation and a lack of higher prices the past couple of days this week, is starting to make BTCUSD look a bit weaker for a Short opportunity.No I don't think the Bitcoin price is going down with a huge sell margin, no price is simply in the 'squeeze' right now and we will see a gradual downward drift in price as consolidating price action occurs, and to a key support level or demand block, buyers will step-in at reduced Bitcoin prices and they will take advantage of a price that Bitcoin is likely to never revisit ever again.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Price at Publish Time:
$69,347.7
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