BTC/USD | Looks Bullish in Shorter Time frames..!!

2019年12月17日

BTC/USD (Bitcoin)

BTC Now Looks Stable After Yesterday's Crash & Forming Descending channel in 4hr Chart as well..

So Far didn't Touch the Channel's Lower Trendline But Looking Strong & It Might bounce back From Here.

7000 Key Support, Now Become a Resistance as i mentioned in Chart, If BTCUSD Broke it Successfully then it Might Test EMA100 (7329)

Expecting Descending Channel Breakout in Coming Days But We Should Wait For Some More Confirmations Before Taking any Risk.

Bitcoin Dominance is Increasing & If BTC Bounced Back from Here ,Then ALTS/BTC Might Crash So Be Careful With ALTS.


Bitcoin Dominance is Increasing Slowly After Wedge Breakout & It Might Test 70% Area Again (If It Follows my Plan)

Total MarketCap in Daily Timeframe is Following BTC,

Bitcoin is Forming Descending Channel in Daily Chart as well,

Weekly Chart is More Interesting than Others.

XAUUSD (Gold) & BTCUSD (Bitcoin) ,Both are Looking Similar in Daily Timeframe Chart,

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