The next couple of days is critical for Bitcoin and for the entire Cryptocurrency market. Bitcoin has a chance to rebound to previous levels or collapse under the support causing the entire market to crash in value. As we can see BTC is testing historical support around the same area a golden Fibonacci line is present based on the start of the entire bull run....
According to the indicators, it seems that if the support of the channel midline is broken, it will reach 41336 during a downtrend. Which is expected to come down to 41336.
There is still a no trade zone for us. BTC currently trading at $36,000 and there is a strong support here. BTC is trading in a range bound $36,000 to $40,600 but couldn't close above $40k. Currently we are just waiting for breakout or breakdown and if you haven't seen my previous videos about BTC than go and watch it and you can prepared for both the scenarios....
please zoom in and out to watch every thing on chart
As you see price started to make , Uptrend after
Red Downtrend was broken then price broke
ceiling of Uptrend line and Pullback so we can open the
deal like the chart by Candlestick confirmation.
if you zoom in on 4H chart you will see RSI coudnt
touch lesser than 38 that means Bulls are so powerful...
It was an uptrend for a while
Then became a downtrend I think that the trend line is strong so now the banks got money they got to collect from traders who think buy off the support that’s why they went down now I think they going to go back up but wait for new candle to form for confirmation then go with the best decision forex is like Chess. Just be smart I...
The 4 hour Wedge broke out, thought my position is still in a short play. Observing the market sentiment and movements.
The 4 h and 1 h fast EMA's are still under the long EMA's.
TD on 4 h is on 5 of 9, lets see where it take us.
Hello there,
as we can see in our chart there is a downtrend line and when the price broke it, it is mean the price it will go to the target as mentioned.
Good Luck,
Will BTC break the channel and push towards higher highs or will it drop back to 6k creating a double bottom which will put an end to the bearish market and then get to higher highs.
Either way the destination by end of the year should be much higher than the 20k that we have seen.
What do you think?
