Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that as we are speaking Bitcoin is approaching a quite obvious previous weekly support zone which is now turned resistance exactly at the $33.000 area.
You can also see that the past three weeks there was literally no movement in Bitcoin price so I am now just waiting for the market to pump another 15% towards the upside before then rejecting the resistance area.
On the daily timeframe you can see that Bitcoin has been forming a quite nice symmetrical triangle over the past couple of days so I am now just waiting for a breakout and then I simply do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that as we are speaking Bitcoin is approaching a quite obvious previous weekly support zone which is now turned resistance exactly at the $33.000 area.
You can also see that the past three weeks there was literally no movement in Bitcoin price so I am now just waiting for the market to pump another 15% towards the upside before then rejecting the resistance area.
On the daily timeframe you can see that Bitcoin has been forming a quite nice symmetrical triangle over the past couple of days so I am now just waiting for a breakout and then I simply do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
