Hi Everyone this is Kris and this is my analysis for BTC. Its not perfect but Im open for criticism
BULLISH SIDE:
On 1 Hour, 4 Hours, and Daily chart we have see the forming of the shoulders is rejected by the bulls and now BTC is Going up towards the 40k Level. But as we move forward i think this will be rejected as it is a very weak attempt and we are reaching overbought condition on the hourly RSI and will have a curve retracement bounce and slowly break the resistance
ON BEARISH SIDE:
THis might bounce back hard and form our Head and will have another consolidation at the support level , but might be hard to happen as we already have a support level just few step below our current level
If you see this helpful you can help me push my trading studies by donating on this Address:
USDT TRC20 Address TDiZ1AaHFSYG6F66TAss8tnU3rzNPXfQZa
BULLISH SIDE:
On 1 Hour, 4 Hours, and Daily chart we have see the forming of the shoulders is rejected by the bulls and now BTC is Going up towards the 40k Level. But as we move forward i think this will be rejected as it is a very weak attempt and we are reaching overbought condition on the hourly RSI and will have a curve retracement bounce and slowly break the resistance
ON BEARISH SIDE:
THis might bounce back hard and form our Head and will have another consolidation at the support level , but might be hard to happen as we already have a support level just few step below our current level
If you see this helpful you can help me push my trading studies by donating on this Address:
USDT TRC20 Address TDiZ1AaHFSYG6F66TAss8tnU3rzNPXfQZa