As we see here in the Daily time frame CHFJPY is on 117.503 level and I think the past resistance level is becoming a new support level. This could be also another good position for us to place a Buy order.
In the Weekly time frame, we see a strong resistance level. 118.300 is an important zone for us to watch. If it breaks the resistance level we could place a swing Long for the long-term.
If it breaks the 1.27 zone then it is a good opportunity to buy.
We are waiting for it to touch the support level and after that, it supposed to be a BUY opportunity and if it breaks the key level of 1,27 then it is another good opportunity for a long swing.
I think for a short-term it is going to be a sell position but if it breaks the trend line it has a buy potential in the long term.
I think for a short term it is going to fall to the bottom of the channel and then raise again. I am going to buy when the price touches the bottom of the channel.
I think it is a good situation to place a Buy order.
I think if Bitcoin break the channel from bottom it may move down and down up to 7844.00
AS YOU CAN SEE IN THE CHART, I THINK IT'S PROPER TIME ENTER BUY POSITION. W FORMATION