Bitcoin runs Descending Channel within an Ascending Channel!!!▶️
Bitcoin reacted well to the 🟢support zone($ 29,200-$ 28,730) 🟢 over the past day, although I expected Bitcoin to penetrate further into this zone.
With today's move, Bitcoin seems to form a descending channel within the main ascending channel.
Also, currently, Bitcoin is moving near the 🔴resistance zone($ 30,620-$ 30,450)🔴 and the cross of the resistance lines; since Bitcoin is forming a double top pattern in the 1-hour time frame, I expect Bitcoin to at least fall to the 🟡Price Reversal Zone(PRZ)🟡and the middle line of the descending channel and the support line.
Bitcoin Analyze ( OKX:BTCUSDT ), 4-hoour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
With today's move, Bitcoin seems to form a descending channel within the main ascending channel.
Also, currently, Bitcoin is moving near the 🔴resistance zone($ 30,620-$ 30,450)🔴 and the cross of the resistance lines; since Bitcoin is forming a double top pattern in the 1-hour time frame, I expect Bitcoin to at least fall to the 🟡Price Reversal Zone(PRZ)🟡and the middle line of the descending channel and the support line.
Bitcoin Analyze ( OKX:BTCUSDT ), 4-hoour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade closed: target reached
Related Ideas
New update😊
Bitcoin is completing a pullback and Falling again😉(Short term)