Hey everyone!
While almost whole crypto market is red let's take a look at important BTCUSD -0.87% support and resistance levels.
Here we have BTC -0.87% 1D chart. And honestly our situation, according to TA looks not very good. We left our main parallel channel downwards. I expecting BTC -0.87% to come back in the channel soon, but we also have broke a lot of support levels and moving in flat between 7000 USD support zone and 10000USD resistance zone .
We are also about to leave our triangle, probably upwards. We have so many good news, lightning network, infrastructure for institutional investors os on it's way and many others. These are pretty good fundamentals. So I am 100% bullish in BTC -0.87% for long term.
Anyway, let's get back to the chart.
I am not sure about the dotted line triangle, something looks wrong in it. Let me know what do you thing about this triangle in the comments. And also if you have any questions about the lines I drew here feel free to ask them!
It is really important for BTC -0.87%
to break this trend line, then we will have good chances to go to the 10000 USD resistance zone . After I am expecting BTC -0.87% to go back to the bottom red trend line , and bounce from it. I hope we can overcome 10000 resistance zone from the 3rd try. Then get back to our main parallel channel . It's an important channel for Bitcoin -0.87% , he feels good in it.
Finally, take a look at the volume , less people are ready to sell this low, we all are waiting for something big!
Anyway, we are still in the global uptrend, with a local uptrend, in a big local downtrend. Sound like inception, isn't it?
Will keep you updated guys!
And you are welcome to check my latest ETHUSD -0.33% idea, similar to this one.
And if we are going according to the bullish scenario, then the answer- probably yes!
Don't take risks, wait for the confirmation of trend.
Please leave a like and follow, let's make money together!
Thank you!
While almost whole crypto market is red let's take a look at important BTCUSD -0.87% support and resistance levels.
Here we have BTC -0.87% 1D chart. And honestly our situation, according to TA looks not very good. We left our main parallel channel downwards. I expecting BTC -0.87% to come back in the channel soon, but we also have broke a lot of support levels and moving in flat between 7000 USD support zone and 10000USD resistance zone .
We are also about to leave our triangle, probably upwards. We have so many good news, lightning network, infrastructure for institutional investors os on it's way and many others. These are pretty good fundamentals. So I am 100% bullish in BTC -0.87% for long term.
Anyway, let's get back to the chart.
I am not sure about the dotted line triangle, something looks wrong in it. Let me know what do you thing about this triangle in the comments. And also if you have any questions about the lines I drew here feel free to ask them!
It is really important for BTC -0.87%
to break this trend line, then we will have good chances to go to the 10000 USD resistance zone . After I am expecting BTC -0.87% to go back to the bottom red trend line , and bounce from it. I hope we can overcome 10000 resistance zone from the 3rd try. Then get back to our main parallel channel . It's an important channel for Bitcoin -0.87% , he feels good in it.
Finally, take a look at the volume , less people are ready to sell this low, we all are waiting for something big!
Anyway, we are still in the global uptrend, with a local uptrend, in a big local downtrend. Sound like inception, isn't it?
Will keep you updated guys!
And you are welcome to check my latest ETHUSD -0.33% idea, similar to this one.
And if we are going according to the bullish scenario, then the answer- probably yes!
Don't take risks, wait for the confirmation of trend.
Please leave a like and follow, let's make money together!
Thank you!
Don't panic! yet.. we haven't go through our support zone yet. May be it is the last dip before moon. I'm going to open long position soon, if the indicators show green sign.