Bitcoin/TetherShort
Bitcoin breaks the support zone and the middle line👇
Updated
Hi everyone👋
Bitcoin is moving in an ascending channel.
Bitcoin managed to break the 🟢support zone($ 29,880-$ 29,660)🟢 and the middle line of the ascending channel by the candle 4 hours ago. (The volume of the breakout candle was acceptable).
Bitcoin's next destination after the pullback to the middle line and support zone will be the next 🟢support zone($ 28,900-$ 28,600)🟢.
You may ask yourself whether Bitcoin will be able to break the ascending channel downwards or not.
🔔To answer this question, I got help from 3 indicators in the daily time frame:
Bitcoin Analyze (BTCUSDT ), 4-hoour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin is moving in an ascending channel.
Bitcoin managed to break the 🟢support zone($ 29,880-$ 29,660)🟢 and the middle line of the ascending channel by the candle 4 hours ago. (The volume of the breakout candle was acceptable).
Bitcoin's next destination after the pullback to the middle line and support zone will be the next 🟢support zone($ 28,900-$ 28,600)🟢.
You may ask yourself whether Bitcoin will be able to break the ascending channel downwards or not.
🔔To answer this question, I got help from 3 indicators in the daily time frame:
- The MACD indicator shows Regular Divergence(RD-).👇
- The RSI indicator shows Regular Divergence(RD-) and is forming a Double Top pattern, which means that if the neckline breaks, the probability that the ascending channel of Bitcoin will break downwards is very high.👇
- The Stochastic RSI indicator shows us the end of the movement well.👇
Bitcoin Analyze (
BTCUSDT ), 4-hoour time frame ⏰.Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Note
Agree with me?Note
How can we confirm Bull Run❗️❓
Note
Bitcoin runs Descending Channel within an Ascending Channel!!!▶️
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