Bitcoin Technical Analysis Long Term Perspective

3 พ.ย. 2020

In this Technical Analysis I will cover long term perspective about Bitcoin
I will update this Technical Analysis every week.

If you don't want to read all the details of this TA this is the resume:

Short Term: Bearish
Mid Term: Neutral
Long Term Bullish.


Short Term: Bearish

BTC formed bear divergences in 1D also is testing the macro resistatance at 13860.
I was expecting a pull back and actually is happening right now you can watch my videos on Youtube if you want to keep updated about BTC and Crypto.
Short Term Supports: 13630, 13200, 13060

Mid Term: Neutral

BTC is holding 13k area as long BTC consolidates here and all the indicators cold down will form Hidden Bullish Divergences and test again 13860 top resistance but if this level is broken I am expecting a pull back to 12500, but I the real support would be around 11900-12,000 from this level I am expecting a nice bounce.

Long Term: Bullish

BTC closed an impressive Monthly candle and the most is 2M candle closed doing new highs. I will keep my bias bullish as long BTC holds 12k area.
What would change my perspective of BTC in long term?

Technically BTC formed a rising wedge and it is trying to find support in the top of the line. if this line breaks and 12k cannot hold.. I would be bearish calling for a potential fakeout and rejection.
In this scenario 11.5k would be the support but honestly I would be expecting 10k usd as real support.