Hi everyoneð
Bitcoin is moving in an ascending channel.
Bitcoin managed to break the ðĒsupport zone($ 29,880-$ 29,660)ðĒ and the middle line of the ascending channel by the candle 4 hours ago. (The volume of the breakout candle was acceptable).
Bitcoin's next destination after the pullback to the middle line and support zone will be the next ðĒsupport zone($ 28,900-$ 28,600)ðĒ.
You may ask yourself whether Bitcoin will be able to break the ascending channel downwards or not.
ðTo answer this question, I got help from 3 indicators in the daily time frame:
Bitcoin Analyze ( OKX:BTCUSDT ), 4-hoour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
Bitcoin is moving in an ascending channel.
Bitcoin managed to break the ðĒsupport zone($ 29,880-$ 29,660)ðĒ and the middle line of the ascending channel by the candle 4 hours ago. (The volume of the breakout candle was acceptable).
Bitcoin's next destination after the pullback to the middle line and support zone will be the next ðĒsupport zone($ 28,900-$ 28,600)ðĒ.
You may ask yourself whether Bitcoin will be able to break the ascending channel downwards or not.
ðTo answer this question, I got help from 3 indicators in the daily time frame:
- The MACD indicator shows Regular Divergence(RD-).ð
- The RSI indicator shows Regular Divergence(RD-) and is forming a Double Top pattern, which means that if the neckline breaks, the probability that the ascending channel of Bitcoin will break downwards is very high.ð
- The Stochastic RSI indicator shows us the end of the movement well.ð
Bitcoin Analyze ( OKX:BTCUSDT ), 4-hoour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Agree with me?
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
How can we confirm Bull Runâïļâ
How can we confirm Bull Runâïļâ
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Bitcoin runs Descending Channel within an Ascending Channel!!!âķïļ
Bitcoin runs Descending Channel within an Ascending Channel!!!âķïļ
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ðif you want to learn Technical Analysis = Please Contact með t.me/Ad_ProTrader365