Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin recently perfectly retested and already rejected a quite nice previous weekly support zone which was turned resistance at the $30.000 level.
You can also see that weekly market structure and moving averages are still overall bullish, I am definitely waiting for a weekly retest of the next support zone at the $24.000 level and then I do expect more continuation towards the upside from there.
On the daily timeframe you can see that Bitcoin has been trading in a range for quite some time with support at the $26.000 area and resistance at the 27.400 area so I am now just waiting for a breakout towards the upside before I then do expect another daily bullish rally.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin recently perfectly retested and already rejected a quite nice previous weekly support zone which was turned resistance at the $30.000 level.
You can also see that weekly market structure and moving averages are still overall bullish, I am definitely waiting for a weekly retest of the next support zone at the $24.000 level and then I do expect more continuation towards the upside from there.
On the daily timeframe you can see that Bitcoin has been trading in a range for quite some time with support at the $26.000 area and resistance at the 27.400 area so I am now just waiting for a breakout towards the upside before I then do expect another daily bullish rally.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
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Website: www.basictrading.net
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My Goal: Making 100.000€ in a single day💰
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Keep the long term vision!
Website: www.basictrading.net
- - - - - - - - - - - -
My Goal: Making 100.000€ in a single day💰
- - - - - - - - - - - -
Keep the long term vision!