Hello, this is the current analysis of BTC current bull run, this analysis was made using:
BTC/USDT Binance Chart, 8H Time Frame
As you can see we are right now in the upper zone of the principal trend line (central yellow line).
this trend was validate with 3 recent touches (marked with red squares):
October 28 - November 6 and November 12.
Exterior bold yellow lines marks the support and resistance for general trend since its start around 29K (July 20), as long as the price stays in the middle of these lines we can consider BTC is still in a bull run.
Green Zones are future Resistance Zones, these are continuation from the last chart:
Green Zones Resistance Prices:
Resistance 1: 68800k zone
Resistance 2: 72500k zone
Resistance Zone 3: Between 76800k and 80800k
Red Zones are future Support Zones:
Support 1: 59000k zone
Support Zone 2: Between 54200k and 57200k
Support Zone 3: Between 49300k and 50700k
First thoughts of this analysis put the price at 70-80k zone on the end of December and Start of January.
I will update this as the price evolve with time.
Trade Safe.
Regards.
- Andrews Pitchfork
- Modified Fibonacci Retracement
- Volume Profile Session Volume
- Volume Profile Visible Range
- Monthly VWAP
BTC/USDT Binance Chart, 8H Time Frame
As you can see we are right now in the upper zone of the principal trend line (central yellow line).
this trend was validate with 3 recent touches (marked with red squares):
October 28 - November 6 and November 12.
Exterior bold yellow lines marks the support and resistance for general trend since its start around 29K (July 20), as long as the price stays in the middle of these lines we can consider BTC is still in a bull run.
Green Zones are future Resistance Zones, these are continuation from the last chart:
Green Zones Resistance Prices:
Resistance 1: 68800k zone
Resistance 2: 72500k zone
Resistance Zone 3: Between 76800k and 80800k
Red Zones are future Support Zones:
Support 1: 59000k zone
Support Zone 2: Between 54200k and 57200k
Support Zone 3: Between 49300k and 50700k
First thoughts of this analysis put the price at 70-80k zone on the end of December and Start of January.
I will update this as the price evolve with time.
Trade Safe.
Regards.
Note
Current Status:Note
Current Status: near to bounce back.
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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.