Hello friends, today you can review the technical analysis idea on a 1H linear scale chart for Bitcoin (BTC).
The chart is self-explanatory. The Bitcoin price is moving up the short-term rising broadening wedge pattern (generally bearish) and may be met with the Ichimoku Cloud (red - bearish). The Volume came in earlier today but seems to have dropped. The RSI is moving upwards in a rising channel. The Fibonacci Retracement shows the price hovering in the 0.786 area and having trouble closing a candle body above it for now. Overall the price may have the potential to move higher with the RSI moving higher to the overbought area before a retracement.
In the ideas noted below are a few mid-term and long-term Bitcoin charts. Please review.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
The chart is self-explanatory. The Bitcoin price is moving up the short-term rising broadening wedge pattern (generally bearish) and may be met with the Ichimoku Cloud (red - bearish). The Volume came in earlier today but seems to have dropped. The RSI is moving upwards in a rising channel. The Fibonacci Retracement shows the price hovering in the 0.786 area and having trouble closing a candle body above it for now. Overall the price may have the potential to move higher with the RSI moving higher to the overbought area before a retracement.
In the ideas noted below are a few mid-term and long-term Bitcoin charts. Please review.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Commentaire:
Bitcoin couldn't break the 0.786 Fib level and got rejected. Price could go for a double bottom pattern.
I chart on Tradingview: www.tradingview.com/symbols/BTCUSD/?aff_id=25106
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
