Bitcoin retraces off of the 39.5K low ( bullish pin bar ) over the previous week, but is unable to clear the 45K resistance.
What does this mean for the coming week? I am going to share 3 scenarios to watch for and provide some insight into which one has the stronger likelihood to play out.
In my previous article, I explained the rationale behind accumulating more inventory (dollar cost averaging) into such levels, but again that is something that has to be done very carefully.
I also mentioned that swing trades on the long side would be considered very aggressive. This article is going to be more focused on the swing trade perspective.
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