Faibik

BITCOIN | Still Inside the Descending Channel..!!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC/USD ( Bitcoin )

In Weekly Timeframe Chart, Still Following the Descending Channel Pattern & At the Moment, Holding the Weekly 100 Days EMA As Well..

According to Volume Profile , 6300-6500 is the Strong Support Region & 8000-8200 is the Strong Resistance Area & Channel Breakout/Resistance Region As Well.

Now What Will Happen Next???

If BTCUSD Weekly EMA100 Broke Down then It Can Test Strong Support Region (6300-6500) in coming Weeks.
If Hold it (EMA100) & Bounced Up Then It Could test Strong Resistance (8000-8200).

In My Opinion,we Should Wait For Some Strong Confirmation Before Taking Any Position/Action..!!


Check Out My Previous Ideas..!!

DAILY TF Chart.(ShortTerm)

Monthly TF Chart.(Longterm)
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Comments

As always, thanks for your analysis!
+1 Reply
Faibik marvanek
@marvanek Most Welcome Dude
Reply
Faibik marvanek
@marvanek Thanks For Appreciation
Reply
Share Your Ideas & Opinions About Bitcoin Here
+1 Reply
when do you see this desending tri ending?
Reply
@Evo3, Do You Breakout??
Reply
Thanks to all For Support & Appreciations..!!
Reply
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