Long

BTC Multi Time Frame Analysis (Daily)

An interesting analysis in the daily time frame: Well, you see, here are some cool things happening at the same time, first, last night, the price reacted positively to its volume support and was able to pull itself up . (This important volume support is in the $ 45,500 price range, so this price is very important to us, don't forget) . Now the price of Bitcoin has reached the ceiling of its downtrend , which overlaps with the 20-day Moving Average Exponential (EMA20) and the 0.236 Fibonacci extension ratio and volumetric resistance . (This Resistance range is the most Resistance in the whole chart) . Another good thing that has happened today is that the price is being traded above the POC Line, which is a very good thing if the price intends to start a new bullish trend. So only if all these resistances breaks , we can expect a new upward trend to start and the first target will be 53K .

Weekly Analysis :

Follow our other analysis & Feel free to ask any questions you have, we are here to help.

⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 21.DEC.2021
⚠️(DYOR)

❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️

ArmanShabanTrading

📣 Join My FREE Channel on TG for more TA 👉🏼 t.me/PriceAction_ICT

⚜️ My Contact : t.me/ArmanShabanTrading

📈 The Best Crypto Exchange : promote.ourbit.com/a/ArmanShaban

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.