BTC/USD (Bitcoin)
In Weekly Timeframe Chart, Still Following the Descending Channel Pattern & At the Moment, Holding the Weekly 100 Days EMA As Well..
According to Volume Profile, 6300-6500 is the Strong Support Region & 8000-8200 is the Strong Resistance Area & Channel Breakout/Resistance Region As Well.
Now What Will Happen Next???
If BTCUSD Weekly EMA100 Broke Down then It Can Test Strong Support Region (6300-6500) in coming Weeks.
If Hold it (EMA100) & Bounced Up Then It Could test Strong Resistance (8000-8200).
In My Opinion,we Should Wait For Some Strong Confirmation Before Taking Any Position/Action..!!
Check Out My Previous Ideas..!!
DAILY TF Chart.(ShortTerm)
Monthly TF Chart.(Longterm)
In Weekly Timeframe Chart, Still Following the Descending Channel Pattern & At the Moment, Holding the Weekly 100 Days EMA As Well..
According to Volume Profile, 6300-6500 is the Strong Support Region & 8000-8200 is the Strong Resistance Area & Channel Breakout/Resistance Region As Well.
Now What Will Happen Next???
If BTCUSD Weekly EMA100 Broke Down then It Can Test Strong Support Region (6300-6500) in coming Weeks.
If Hold it (EMA100) & Bounced Up Then It Could test Strong Resistance (8000-8200).
In My Opinion,we Should Wait For Some Strong Confirmation Before Taking Any Position/Action..!!
Check Out My Previous Ideas..!!
DAILY TF Chart.(ShortTerm)
Monthly TF Chart.(Longterm)
Follow me On Twitter & Telegram For More Regular Updates..!!
Public Telegram Channel:
t.me/CryptoCove
Forex Telegram Channel:
t.me/Captain_FX
Twitter:
twitter.com/CryptoFaibik
Instagram :
instagram.com/captain_faibik
Public Telegram Channel:
t.me/CryptoCove
Forex Telegram Channel:
t.me/Captain_FX
Twitter:
twitter.com/CryptoFaibik
Instagram :
instagram.com/captain_faibik
Related publications
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.