SUP GUYS ?!
Welcome to this analysis today !
In this analysis I'm gonna talk about btcusd in a different point of view ,
so in this weekly chart above we can see bitcoin is straggling with volume profile zones and skip itself between them and after reaching them it reacts to these important zones and changes its direction ,
at the same time we can see RSI indicator is compressing in a descending triangle pattern which shows a bullish pattern, and meanwhile I expect a new strong bullish movement for bitcoin again after a valid breakout ,and by this pattern typically rsi index can reach to pervious high about %96. only In this case it can easily overcome the higher strong resistance zones and even records a new ATH again.
but otherwise if it loses the current support zone and ascending trendline as a support then can fall on the major support zone between 32-35k and also if it loses this important zone then the next support zone can be volume gap zone between 24k- 26k!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯
Welcome to this analysis today !
In this analysis I'm gonna talk about btcusd in a different point of view ,
so in this weekly chart above we can see bitcoin is straggling with volume profile zones and skip itself between them and after reaching them it reacts to these important zones and changes its direction ,
at the same time we can see RSI indicator is compressing in a descending triangle pattern which shows a bullish pattern, and meanwhile I expect a new strong bullish movement for bitcoin again after a valid breakout ,and by this pattern typically rsi index can reach to pervious high about %96. only In this case it can easily overcome the higher strong resistance zones and even records a new ATH again.
but otherwise if it loses the current support zone and ascending trendline as a support then can fall on the major support zone between 32-35k and also if it loses this important zone then the next support zone can be volume gap zone between 24k- 26k!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯
