BTC Swing Analysis
Hi friends.
Today im going to take a brief look at Bitcoin.
According to New Cryptocurrency market Catalyst , I mean
launching PayPal Stable coin , we can look at BTC chart Technically better.
So lets take a look:
1.After reaching price to the Middle line of drawn channel , it failed to break it.
so went approach lower channel line that overlapped with a strong support level(28000-28800 level)
2.When we reach this level , an Engulfing candle appears in 4H timeframe.
3.We have a strong fundamental Catalyst about PayPal stable coin(Remember that past Bullrun to 67000$ level starts with accepting Bitcoin by PayPal)
4.If we pass this area , the first target is 31800 and after that we have a strong resistance at 36500 level.
5.Classically , price is shaping a flag pattern that its target is the middle line of growing channel in around 33000 level.
Hope you enjoy my view in Bitcoin.
Share me your opinion in comments.
What do you think?
Today im going to take a brief look at Bitcoin.
According to New Cryptocurrency market Catalyst , I mean
launching PayPal Stable coin , we can look at BTC chart Technically better.
So lets take a look:
1.After reaching price to the Middle line of drawn channel , it failed to break it.
so went approach lower channel line that overlapped with a strong support level(28000-28800 level)
2.When we reach this level , an Engulfing candle appears in 4H timeframe.
3.We have a strong fundamental Catalyst about PayPal stable coin(Remember that past Bullrun to 67000$ level starts with accepting Bitcoin by PayPal)
4.If we pass this area , the first target is 31800 and after that we have a strong resistance at 36500 level.
5.Classically , price is shaping a flag pattern that its target is the middle line of growing channel in around 33000 level.
Hope you enjoy my view in Bitcoin.
Share me your opinion in comments.
What do you think?
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.