Bitcoin |Expecting Bounce Back After Lower Lows..!! Long
Bitcoin / U.S. dollarBitstamp
Description
⋅ BTC/USD (Bitcoin)
And Finally BTCUSD Reached at Descending Channel's Bottom/Lower Support After Forming Lower low Pattern.
Now holding the Crucial Support (6600) With Bullish Divergence .
If Today's Candle Closed Above Support then I'm Expecting Bounce Back Because of Double Bottom..
Major Indicators (MACD & RSI) Are Also Turning Bullish After a Long time..
Buying Volume is Also Coming after Last 2 Days Flash crash..But For Healthy Reversal Need some Strong Buying Volume..
Now According to VPVR (Volume Profile), 7200 & 8000 Are Strong Resistance Levels..& In case of Another Flash Crash, 5600 will be Next Strong Support.
Descending Channel Fakeout in 4h Chart,After Testing the 6.6k Crucial Support, Now Bouncing Back..(Double Bottom Pattern)
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