BTCUSD (12h): First idea of a trend line (new chart series)

Updated
At the moment we all have only a few facts on which we could base our longer-term TAs. I have therefore tried to draw a possible trend channel roughly and I have tried to derive a trend line. From my point of view, two trend lines are currently quite plausible. If the bulls loses its power and the bears take over, the whole chart is not correct. But according to my TA we are still in a bull market. Because the whole thing is very much in change, I will start a BTC chart series.

Let's see what happens. Happy trading. :-)
Note
BTCUSD (1h): 1 hour close up of the current situation ...

https://ttps://www.tradingview.com/x/QKQTieLz/
Note
snapshot
Note
BTCUSD (2h): update current situation ...

snapshot
Note
BTCUSD (2h): maybe were running into a decision triangle. lets see ...

snapshot
Note
BTCUSD (4h): btc breaks the short term resistance ...

snapshot
Note
BTCUSD (4h): Update ... next strong resitance at 16800. SHS also possible.

snapshot
Note
btcusd (4h): update just on the way up to the resistance.

snapshot
Note
btcusd (4h): update - possible short term trendline.

snapshot
Note
btcusd (2h): update - short term rising wedge broke.

snapshot
Note
BTCUSD (4h): update - near support line within the short term channel.

snapshot

read more about CRYPTO CRUMBS FOR CHARITY (link below). or even better, share it and donate.
Note
btcusd (4h): broke short term support. trendline 1 still works.

snapshot
Note
btcusd (1h): shs! ... update

snapshot
Note
btcusd (4h): btc went the way as predicted. now we see two strong support lines coming from the past. the blue at 1 and the purple at 2. let see which one is the right one. This allows a better identification of the way to continue. for all those who have been waiting with their reentry, it is now time to watch out for the best time.

snapshot
Note
btcusd (2h): btc could not break the short term resistance yesterday. next possible bigger support at 1200.

snapshot
Note
btcusd (1h): lets see, if btc also breaks the strong restitance at 15300.

snapshot
Bitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTTrend Analysis

-



---
BTCINVESTING 😃
---

Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom

Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years



-
Also on:

Disclaimer