BTCUSD: A new impulse UP TO 35K? (Update)
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🟢Forex Pair:
BTC/USD
⚪Technical Analysis:
Have a quick look on my previous analysis!
On the 21st of January 2021, the price got a strong rejection pin bar on the support level at about 30600, that moved it up starting a possible short term ascending channel.
Yesterday the price reached an interesting resistance zone, bouncing and collapsing down during the whole day session.
It is currently re-testing the support zone and a morning star candlestick pattern could be a nice sign of a new positive impulse.
🔴Conclusion:
In the daily perspective is possible to see the price creating a descending channel, but I'm confident to see the price getting a new positive impulse as a short term trade.
My target would be the S/R zone at about 34500.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
BTC/USD
⚪Technical Analysis:
Have a quick look on my previous analysis!
On the 21st of January 2021, the price got a strong rejection pin bar on the support level at about 30600, that moved it up starting a possible short term ascending channel.
Yesterday the price reached an interesting resistance zone, bouncing and collapsing down during the whole day session.
It is currently re-testing the support zone and a morning star candlestick pattern could be a nice sign of a new positive impulse.
🔴Conclusion:
In the daily perspective is possible to see the price creating a descending channel, but I'm confident to see the price getting a new positive impulse as a short term trade.
My target would be the S/R zone at about 34500.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
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