Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis📈 and Trading Tips📉, support the idea hitting the LIKE👍 button and don't forget to SUBSCRIBE✔️ my channel, you won't miss anything!
🟢Forex Pair: BTC/USD
⚪Technical Analysis: Have a quick look on my previous analysis!
On the 21st of January 2021, the price got a strong rejection pin bar on the support level at about 30600, that moved it up starting a possible short term ascending channel. Yesterday the price reached an interesting resistance zone, bouncing and collapsing down during the whole day session. It is currently re-testing the support zone and a morning star candlestick pattern could be a nice sign of a new positive impulse.
🔴Conclusion: In the daily perspective is possible to see the price creating a descending channel, but I'm confident to see the price getting a new positive impulse as a short term trade. My target would be the S/R zone at about 34500.
Stay tuned for Updates and Trading Signals! What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️