Here is my multi time frame technical analysis chart for Bitcoin.
Goal is cut off the noise and to show key trendlines and support/resistance prices.
We can clearly see that the market is currently bear with a descending triangle on the higher TFs.
After breaking the important 5 months 18 500$ support, price is now inside a range between 16 000$ and 17 500$.
Price is currently retesting that 16 000$ support
Look for an entry on the lower time frames
Goal is cut off the noise and to show key trendlines and support/resistance prices.
We can clearly see that the market is currently bear with a descending triangle on the higher TFs.
After breaking the important 5 months 18 500$ support, price is now inside a range between 16 000$ and 17 500$.
Price is currently retesting that 16 000$ support
Look for an entry on the lower time frames
Comment:
Reaching important resistance and top of triangle. Taking profit right now.
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Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/