ramiya

Bitcoin Big Move is Coming ! What Next ??

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin Big Move is Coming

bitcoin ( BTC ) has been trading in a tight range between $3,950 and $4,060 for the past three days.

This is a very important time for bitcoin

From the past 10 months, the price is respecting the trendline . Now the price is nearly trendline .
This trendline is the strongest one because the price is touched almost 3 times.

here is two scenarios is coming,

1. If we are able to break 4250$ Level with 1D Candle closing and trendline then we are seeing the price of the bitcoin 4700$ & 5500$ in Upcoming days.

2. If the price was unable to break the 4250 and get rejected from the trendline , then we price of the bitcoin 2900$ in upcoming days.

3D Chart

If we talk about indicators

MA50200 in 3 Days Chart, the price is near the MA50 line
Stoch RSI is almost overbought zone

Ichimoku Cloud 1Day Chart

Lets See....


Disclaimer:
I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.






Comment: It also looks like a parallel channel

Comments

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