BTC (Bitcoin) Once Again Forming Falling Wedge..!!
BTC (Bitcoin)
- In 3D (3 Day Per Candle) Timeframe, Once Again Bitcoin is Forming Falling Wedge Pattern ..
- 2 Lower Lows Already Formed But I'm Expecting Another Lower Low in Coming Days (If BTCUSD Didn't Breakout)
- RSI at 42 & MACD Is Indicating that BEARS Are Looking Weak For Now..(Bitcoin Volume is Also Decreasing So Another Move Ahead)
- At the Moment , 8800 & 9400 are The Strong Resistance Levels & EMA100 is Acting as a Strong Support For Now..(7200)
- MA 100 & Fib 78.6 is The Strong Support(7200), In Case 7800 Support Broke Down Or Flash Crash by BAD NEWS.
BTCUSD DAILY
In DAILY Chart , So far Bitcoin is Moving Inside the Falling Channel.. MACD is Indicating that Bears Are Weak & Now Bulls Will Push Up Its Price.Might Test 9200 in Coming Days..EMA100 is the Strong Resistance Level (9400).
BTCUSD (4h)
In 4hrs Timeframe, BTC is Forming Bullish Flag pattern & Holding 100EMA ..(Looks Bullish)
Bitcoin Dominance
- BTC.D is Also Increasing So It's Good SIGN For BTC (ALTS Are Once Again Back in Bear Market But i'm Waiting For BTC.D Weekly Candle Close)
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The information given is never financial advice. Always do your own research
- In 3D (3 Day Per Candle) Timeframe, Once Again Bitcoin is Forming Falling Wedge Pattern ..
- 2 Lower Lows Already Formed But I'm Expecting Another Lower Low in Coming Days (If BTCUSD Didn't Breakout)
- RSI at 42 & MACD Is Indicating that BEARS Are Looking Weak For Now..(Bitcoin Volume is Also Decreasing So Another Move Ahead)
- At the Moment , 8800 & 9400 are The Strong Resistance Levels & EMA100 is Acting as a Strong Support For Now..(7200)
- MA 100 & Fib 78.6 is The Strong Support(7200), In Case 7800 Support Broke Down Or Flash Crash by BAD NEWS.
BTCUSD DAILY
In DAILY Chart , So far Bitcoin is Moving Inside the Falling Channel.. MACD is Indicating that Bears Are Weak & Now Bulls Will Push Up Its Price.Might Test 9200 in Coming Days..EMA100 is the Strong Resistance Level (9400).
BTCUSD (4h)
In 4hrs Timeframe, BTC is Forming Bullish Flag pattern & Holding 100EMA ..(Looks Bullish)
Bitcoin Dominance
- BTC.D is Also Increasing So It's Good SIGN For BTC (ALTS Are Once Again Back in Bear Market But i'm Waiting For BTC.D Weekly Candle Close)
Please, give us your opinion in the comments!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates.
Join Telegram Channel for more analysis - t.me/CryptoCove
The information given is never financial advice. Always do your own research
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