Bitcoin form a simetric trianlge of consolidation and the price doesn't move more, just consolidating between the range of 40,000 USD - $34,000 USD. Now, we can't to trade Bitcoin until break up or break down this simetric triangle. But some cryptocurrencies like Cardano, I see that this cryptocurrency it's forming a shoulder head shoulder (inverted), in Ethereum the same pattern and in Chainlink, I closed up my short position, becuase Chainlink form the same pattern what Bitcoin do, a simetric triangle. Now, look one thing, in the RSI there's a bullish divergences that make lower higher in the RSI and the price action make higher lower. This could be a signal of reversal of the trend, in that case will be bullish case. But, we hope our next trade in Bitcoin.
s3.tradingview.com/s...shots/c/cAwvDLuk.png
In Daily timeframe, Bitcoin form this chartist pattern, and I found out the support and resistance zone, and also, I see that level of $30,000 USD it's work as key support, if Bitcoin make reversal, this key support will be valided in this bullish case.
And also guys, I change a little how I analyze the trades, for example: now I use lines as support or resistance, simple and classic and modern to analyze more better and apply my new psycology and trading analysis.
s3.tradingview.com/s...shots/c/cAwvDLuk.png
In Daily timeframe, Bitcoin form this chartist pattern, and I found out the support and resistance zone, and also, I see that level of $30,000 USD it's work as key support, if Bitcoin make reversal, this key support will be valided in this bullish case.
And also guys, I change a little how I analyze the trades, for example: now I use lines as support or resistance, simple and classic and modern to analyze more better and apply my new psycology and trading analysis.
