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.
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
