Hello friends, today you can review the technical analysis on a 4H linear scale chart for Bitcoin (BTCUSD), a cryptocurrency.
Quick Analysis:
1) Though price has been falling over the past few days, it is important to note that there are two important support trendlines noted in the charts to stay above. There is also a resistance trendline which has been holding the price down. If price can get above that, there may be an impulsive move upwards.
2) Volume is consistent but low.
3) If price continues to fall, keep an eye on the danger zones on the chart as well as the support trendlines.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Quick Analysis:
1) Though price has been falling over the past few days, it is important to note that there are two important support trendlines noted in the charts to stay above. There is also a resistance trendline which has been holding the price down. If price can get above that, there may be an impulsive move upwards.
2) Volume is consistent but low.
3) If price continues to fall, keep an eye on the danger zones on the chart as well as the support trendlines.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
I chart on Tradingview: www.tradingview.com/symbols/BTCUSD/?aff_id=25106
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
