globalrashid
Long

Bitcoin technical analysis (BTCUSD)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello Everyone,

in this chart i'm sharing with you bitcoin chart you can see here 1h chart perform last one week rising wedge pattern,
as we know rising wedge is bearish pattern when it's break 10600 support level and hit 9800$ support level today,

Now bitcoin hold 9800-9900 support area if hold this support so we'll see soon next target same previous support now acting resistance 10550-10700,
If not hold this support so we'll see next support level 9300-9500 area,

You can see as well Bullish Divergence there bitcoin hit (L) then (LL) but RSI showing (L) then (HL) so possible to next jump,
all are depend on probability so if you're trade here trade carefully with SL.

Our previous success analysis:
















Legal disclaimer: I am not a financial advisor, You trade at your own risk and nobody can guarantee you results.

Global Rashid
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