Bitcoin | Getting Ready for Another Bullish Wave? Long

Description

⋅ Aug 10, 2020 3:05 AM

#BTC #BTCUSD (Update)

Bitcoin Has been Moving inside the Ascending Triangle Formation in 4h Chart.

At the Moment, Facing Major Resistance (12k), If Bulls Cleared it, Next Stop Would be Around 12600-12800.

On the Other Hand, EMA50 (11500) Acting As Major Support,..!!

In Worst Case, If EMA50 Support Broken Down, Bitcoin Might test the 10.8k Horizontal Support.

Bitcoin Higher Timeframe Chart Analysis..!!

Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!

Thanks for Your Love & Support..!!

Comments

Rule72

⋅ Aug 10, 2020 9:31 AM

I agree that BTC would rather go up than down, but think things will take a while - either a ascending triangle or a parallel channel. Check out my post to see my perspective. Thanks for your ideas.

Faibik

⋅ Aug 10, 2020 10:40 AM

@Rule72 thanks for sharing your opinion here

Faibik

⋅ Aug 10, 2020 10:41 AM

@Rule72 you can Share your chart here

PolarHusk

⋅ Aug 10, 2020 7:19 AM

nice update, thanks for sharing

Faibik

⋅ Aug 10, 2020 8:58 AM

@PolarHusk thanks for appreciation

Phi-Deltalytics

⋅ Aug 10, 2020 4:43 AM

I agree BTC is looking bullish for the long term. 1D and 2D RSI are extremely bullish, and once RSI completely extends to the overbought region, RSI bearish divergences can keep on developing with price making new highs.
Check out our weekly overview from both TA and FA perspectives.

Faibik

⋅ Aug 10, 2020 7:04 AM

@Phi-Deltalytics thanks for sharing here

Faibik

⋅ Aug 10, 2020 7:04 AM

@Phi-Deltalytics totally Agreed with your awesome idea

aminnima_908

⋅ Aug 10, 2020 3:06 AM

i agreed with you

Faibik

⋅ Aug 10, 2020 3:12 AM

@aminnima_908, Thank You