Hey what's up Guys and girls !?
today I'm gonna have a quick analysis for bitcoin ! so let get started !
as always I gonna start with previous analysis that I posted before ,
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so as you can see in this analysis in the weekly timeframe , I expected and told you guys , bitcoin will fluctuate between these 2 important support and pivot zone for while and then it can attack to higher pivot zone , that has not been successful to overcome this zone yet ,
so this trade is still active if it be able to breakout this zone it can even reach the higher resistance zone.
- also in this another analysis I considered 2 possible scenarios for bitcoin ,
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and as you can see ,it choosed the first scenario so far , so I expect to jump again after testing the lower support zone and then as you can see it may even breakout this upward channel and see the higher resistance zone in this case
but today in this new point of view I'm gonna have another and almost similar analysis for bitcoin !
I use to have a simple setup in this wide perspective as usual !
so first of all I use Fibonacci tool I draw it from this LOW to it historical ATH to identify important levels and also I use to use volume profile tool to detect and Identify important pivot , support and resistance zones . I also can consider these 2 descending trendlines for it that bitcoin can countinue to flactuate in ths down ward channel .
bitcoin already jumped above the curent support but retraced recently on this lvl again , so if maintain itsel above this zone and complate its pulback to retest the higher VG (volume gap )zone or higher R zone or decending trenline then I expect to decline again in this case !
but otherwise, if it losees the current support zones it can even the lower FIBO retracment lvls 50% or 38.2% . and in worst case can even have shadow on the lowest zone about 10K lvl.
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
today I'm gonna have a quick analysis for bitcoin ! so let get started !
as always I gonna start with previous analysis that I posted before ,
-
so this trade is still active if it be able to breakout this zone it can even reach the higher resistance zone.
- also in this another analysis I considered 2 possible scenarios for bitcoin ,
-
but today in this new point of view I'm gonna have another and almost similar analysis for bitcoin !
I use to have a simple setup in this wide perspective as usual !
so first of all I use Fibonacci tool I draw it from this LOW to it historical ATH to identify important levels and also I use to use volume profile tool to detect and Identify important pivot , support and resistance zones . I also can consider these 2 descending trendlines for it that bitcoin can countinue to flactuate in ths down ward channel .
bitcoin already jumped above the curent support but retraced recently on this lvl again , so if maintain itsel above this zone and complate its pulback to retest the higher VG (volume gap )zone or higher R zone or decending trenline then I expect to decline again in this case !
but otherwise, if it losees the current support zones it can even the lower FIBO retracment lvls 50% or 38.2% . and in worst case can even have shadow on the lowest zone about 10K lvl.
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
