Bitcoin | Ascending Channel Formation & Key S/R Levels..!! Short

BTCUSDT SPOTBybit

Description

⋅ Sep 20, 2020 3:25 AM

#BTC BTCUSDT (Update)

In 4h timeframe, Bitcoin Has been moving in Ascending Channel Pattern.

Recently, Bitcoin Bulls got Rejected the Major Horizontal Resistance 11.2k 📉

Now, Bitcoin Heading towards the Lower Trendline of Ascending Channel, If Trendline/Channel Broken Downside, Bitcoin Might test the 10550 (Support)

In Bullish Case, If Bulls Held the Ascending Channel Trendline, & Bitcoin Bounced Back, It Might test the 11.2k Resistance Again 📈

According to Ascending Channel Formation, Next Week, Bitcoin Might test the 9860 Area.

Keep in Mind, 9.6k Area CME gap Still Remained Open. So Keep Your Eyes on it too. 👀

Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!

Thanks for Your Love & Support..!!

Comments

Saeed966

⋅ Sep 20, 2020 3:34 AM

Good luck

Faibik

⋅ Sep 20, 2020 4:28 AM

@Saeed966 Thank You for Appreciation

mikac

⋅ Sep 20, 2020 8:59 AM

Great TA like always. Good work.

Faibik

⋅ Sep 20, 2020 2:57 PM

@mikac thank You for Appreciation

UnknownUnicorn999651

⋅ Sep 20, 2020 10:10 PM

nice setup bro

Faibik

⋅ Sep 20, 2020 11:18 PM

@Nibiru7 thank you

JamilMega

⋅ Sep 20, 2020 8:57 PM

Why the deep from 12044 to 98 zone some days ago? It's very shocking why traders do TA charts considering every other important indicators but leaving out the factor of CME gaps which play a virtal role in BTC movement, who ever is expecting a 98 zone because of a fucking resistance on 11k should be prepared to get rekt. I find this chart misleading

Aaric201

⋅ Sep 20, 2020 6:00 PM

amazing setup and overall great. thank you for the updates!

Faibik

⋅ Sep 20, 2020 11:19 PM

@Aaric201 Thank you for appreciation and support

Sadovoy_Trade

⋅ Sep 20, 2020 1:36 PM

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