BTC Bitcoin: 1H Chart Update
已更新
Hello friends, today you can review the technical analysis idea on a 1H linear scale chart for Bitcoin ( BTC ).
The chart is self-explanatory. The price broke out of the Descending Parallel Channel and re-tested the top trendline. After the re-test the price moved up to the
48K area but was rejected and now attempting to move back up again. If the price can not break the 0.786 Fibonacci Retracement level, it may go to the 0.382 - 0.236 level or even lower (back into the Descending Parallel Channel). There is a Double Top Formation that may play out which is bearish. The RSI is being met with a resistance line and if it does not break above that line, the RSI may fall (indicating the price may fall). Getting back to the 53K price area is not going to be that easy unless a whale comes to buy!
In the ideas noted below are a few mid-term and long-term Bitcoin charts. Please review.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
The chart is self-explanatory. The price broke out of the Descending Parallel Channel and re-tested the top trendline. After the re-test the price moved up to the
48K area but was rejected and now attempting to move back up again. If the price can not break the 0.786 Fibonacci Retracement level, it may go to the 0.382 - 0.236 level or even lower (back into the Descending Parallel Channel). There is a Double Top Formation that may play out which is bearish. The RSI is being met with a resistance line and if it does not break above that line, the RSI may fall (indicating the price may fall). Getting back to the 53K price area is not going to be that easy unless a whale comes to buy!In the ideas noted below are a few mid-term and long-term Bitcoin charts. Please review.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
註釋
exactly as predicted....
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。