ð BTCUSD) key levels breakout) 40k)
āļāļĩāđāļāļąāļāđāļāļ:
hello trader's what do you think about this analysis ideas ðĄð§)
Btcusd retest Support level's and retest resistance levels
Btcusd retest 38k
wait for 38k breakout)
Next target 40k)
Here Are the Possible Scenarios for Bitcoin in the Coming Week (BTC Price Analysis)
Nov 19, 202315:01 GMT+5
Technical Analysis
By Shayan
The recent upward momentum in Bitcoinâs price encountered resistance upon reaching the significant 37K mark.
However, the market has entered into a consolidation phase, with the price oscillating within the range defined by $37 and 35K. A breakout from this critical range will determine the subsequent trajectory for Bitcoin. The Daily Chart
On the daily chart, the substantial uptrend in Bitcoin lost steam after breaking out from the 35K resistance zone and the middle trendline of the extended ascending channel. This transition led to a consolidation stage, presenting a crucial range between the resistance of 37K and the critical 35K support. Hence, Bitcoinâs future prospects will be determined by the price breaking out of this decisive range.
Despite several bullish signals indicating increased demand, the scenario of a short-term consolidation correction with minor retracements appears more plausible. Initial support for buyers is anticipated at the middle boundary of the ascending channel and the 35K support zone.The 4-Hour Chart
Following up with my trading ideas ððĄð)
Btcusd retest Support level's and retest resistance levels
Btcusd retest 38k
wait for 38k breakout)
Next target 40k)
Here Are the Possible Scenarios for Bitcoin in the Coming Week (BTC Price Analysis)
Nov 19, 202315:01 GMT+5
Technical Analysis
By Shayan
The recent upward momentum in Bitcoinâs price encountered resistance upon reaching the significant 37K mark.
However, the market has entered into a consolidation phase, with the price oscillating within the range defined by $37 and 35K. A breakout from this critical range will determine the subsequent trajectory for Bitcoin. The Daily Chart
On the daily chart, the substantial uptrend in Bitcoin lost steam after breaking out from the 35K resistance zone and the middle trendline of the extended ascending channel. This transition led to a consolidation stage, presenting a crucial range between the resistance of 37K and the critical 35K support. Hence, Bitcoinâs future prospects will be determined by the price breaking out of this decisive range.
Despite several bullish signals indicating increased demand, the scenario of a short-term consolidation correction with minor retracements appears more plausible. Initial support for buyers is anticipated at the middle boundary of the ascending channel and the 35K support zone.The 4-Hour Chart
Following up with my trading ideas ððĄð)
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wowāļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
i ageen cal you 40k targetāļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ
runnig well up saidāļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ
traders i ageen cal you 40k targetāļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
37k 35k r s 37k breakout falling 40k
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