📉 Bitcoin Analyze Timeframe 1h ⏰(short term) 📉
Updated
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Bitcoin Analyze (BTCUSDT Perp) Timeframe 1h (Short term).📉
If you remember Symmetrical Triangle(Post Topic: 🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐), the price was able to break it (down), and now BTC is running at Regression Channel until complete Pullback to lower line of our triangle. In this area, we have a Resistance Zone + TRZ (Time Reversal Zone).
Resistance Zone includes Pitchfork's Lines + Yearly Resistance 1 (37678$) + Cluster of Fibs + Lower line of Symmetrical Triangle.
Also, I found Rising Wedge Pattern at RSI (The wedge broke down) + Hidden Divergence (HD-) between MACD and Price, Until NOW + Ascending Channel on MFI (Money Flow Index/This channel was broken downwards).
My Suggestion: We can find the best triggers on TRZ for opening Short Positions OR we can wait for breaking our Regression Channel (to down).
Take profits for Short Positions:
Take Profit 1: 33480$ (Weekly Support 1)
Take Profit 2: 32500$ -32380$ (Support Zone)
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.
Good luck
Bitcoin Analyze (BTCUSDT Perp) Timeframe 1h (Short term).📉
If you remember Symmetrical Triangle(Post Topic: 🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐), the price was able to break it (down), and now BTC is running at Regression Channel until complete Pullback to lower line of our triangle. In this area, we have a Resistance Zone + TRZ (Time Reversal Zone).
Resistance Zone includes Pitchfork's Lines + Yearly Resistance 1 (37678$) + Cluster of Fibs + Lower line of Symmetrical Triangle.
Also, I found Rising Wedge Pattern at RSI (The wedge broke down) + Hidden Divergence (HD-) between MACD and Price, Until NOW + Ascending Channel on MFI (Money Flow Index/This channel was broken downwards).
My Suggestion: We can find the best triggers on TRZ for opening Short Positions OR we can wait for breaking our Regression Channel (to down).
Take profits for Short Positions:
Take Profit 1: 33480$ (Weekly Support 1)
Take Profit 2: 32500$ -32380$ (Support Zone)
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.
Good luck
Note
Bearish tri-star pattern 👍.
Note
💵📉Bitcoin Analyze Timeframe 15min 📉💵/pay attention to Rising Wedge 👀
Note
New Post.👍
Note
The new post read it please: Bitcoin Analyze (Technical & Fundamental)!!!
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