My take on BTC/USD, currently sitting at the downside of a grinding channel, You can also see the asset is losing strength, as it failed resistance & lower votality.
Time will tell, if we remain at current levels for the upcoming days this chart will probably be invalidated.
I would like to let you know i am moving to another house so at the moment i don't have a desk which makes it hard to make speedy updates.
However i try my best to keep my trading & charting activity updated.
In our previous chart Bitcoin managed to break our rousing wedge, but it maintained support at 6,800$, thus increasing chances of further upward...
Right now, bitcoin is in short term retraction phase.
If no volume will enter the market next coming days, then it is highly possible for bitcoin to retest it first lows.
If price action remains to the upside, we can expect a target of 8,000 with some overperformance to 8,300.
Typically the price tends to go down at the end of a rising wedge, but that is not...
To begin with, i see alot of fear in the tradingview stock charts, people either being super bullish or super bearish .
The truth is, nobody doesn't know. My charts are based on market movement and zero emotion.
As we go through the chart, we see that Bitcoin has formed a Mid-term bearish channel since July 2019.
At the same time we also...
Right now we're sitting in the middle of the parallel channel.
We can predict alot of situations based on this chart.
On the short-term bearish scenario, Bitcoin can retrace at support of our parallel channel, we can expect upward at 10,555.
On the mid-term bearish scenario, bitcoin could break our parallel channel, possibly retracing back to our...