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“Starting the week on BITCOIN” Multi timeframe view by TAvision

Short
Bitcoin (BITFINEX:BTCUSD)  
TAvision  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Support and Resistance Multiple Time Frame Analysis BTC Bitcoin (Cryptocurrency) BTCUSD Cryptocurrency crypto
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trendanalysis supportandresistance mtfa btc bitcoin btcusd cryptocurrency crypto
This is our “every-Monday” report on BITCOIN with a full vision over 3 timeframes.


4H CHART EXPLANATION:

- Price is on an Ascending Channel since December 2018
- Price is facing a definition zone composed by the Weekly Resistance zone + Top trend line of the Weekly Descending Channel.
-Bearish Divergence observed on MACD.

Based on this, if price breaks out below 4900 we will be looking for sell setups towards the Support Zone at 4400.

Updates coming soon!


MULTI TIME FRAME VISION:

-Weekly:
snapshot

-Daily:
snapshot

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