Today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD).
The Bitcoin price has broken out of the Descending Wedge Pattern. Using Fibonacci Retracement tool, there is a possibility for the price to get close to $25K. The one major concern is the RSI is below a major Support and Resistance line so I am not confident that the price will reach $25K. If price moves below $18.2K, there is a strong chance the price will head much lower ($14K-$10K range).
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
The Bitcoin price has broken out of the Descending Wedge Pattern. Using Fibonacci Retracement tool, there is a possibility for the price to get close to $25K. The one major concern is the RSI is below a major Support and Resistance line so I am not confident that the price will reach $25K. If price moves below $18.2K, there is a strong chance the price will head much lower ($14K-$10K range).
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
I chart on Tradingview: www.tradingview.com/symbols/BTCUSD/?aff_id=25106
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd