BTCUSD 4H :Waiting for breach the resistance and then will rise
BTCUSD
New forecast
The prices of the digital currency "Bitcoin" fell during trading on Tuesday, continuing its losses for the second day in a row, as part of the settlement operations associated with monthly transactions.
As the largest cryptocurrency in the world is close to achieving its largest monthly gain since last January, thanks to positive news related to Bitcoin investment funds in the United States.
Technical abstract :
The price of Bitcoin (BTCUSD) continues to fluctuate within the ascending triangle flag, and we are waiting for the resistance of this pattern to be breached at 35048 to obtain a positive incentive that pushes the price to continue the upward trend during the coming sessions, remembering that the next target extends to 35754 and extend to 37000.
Therefore, the upward trend will be remain valid and effective supported by moving average 50 that is continue to support the price at the bullish waves so we will continue to favor the upward trend for the coming period, provided that the price maintains its stability above the 33020 level.
The expect range trading for today will be between resistance line 35754 and support line 33022.
support line : 33022 , 31044
resistance line : 35048 , 37000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The prices of the digital currency "Bitcoin" fell during trading on Tuesday, continuing its losses for the second day in a row, as part of the settlement operations associated with monthly transactions.
As the largest cryptocurrency in the world is close to achieving its largest monthly gain since last January, thanks to positive news related to Bitcoin investment funds in the United States.
Technical abstract :
The price of Bitcoin (BTCUSD) continues to fluctuate within the ascending triangle flag, and we are waiting for the resistance of this pattern to be breached at 35048 to obtain a positive incentive that pushes the price to continue the upward trend during the coming sessions, remembering that the next target extends to 35754 and extend to 37000.
Therefore, the upward trend will be remain valid and effective supported by moving average 50 that is continue to support the price at the bullish waves so we will continue to favor the upward trend for the coming period, provided that the price maintains its stability above the 33020 level.
The expect range trading for today will be between resistance line 35754 and support line 33022.
support line : 33022 , 31044
resistance line : 35048 , 37000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade fermée: cible de profit atteinte:
BTCUSD
The price perfectly fulfills my last idea and price reached to our first target waiting for second targets .
Update
The price of Bitcoin continued to rise to exceed the 35048 level, and we note that the price consolidated above this level to begin offering positive trades now, which supports the chances of resuming the expected upward trend in the immediate and short term, which aims to visit the 35754 and 37000 areas again.
Therefore the upward trend scenario will be remain valid supported by Moving average 50 supports the continuation of the proposed bullish wave, keeping in mind that breaking 35300 will put pressure on the price to begin a downward correction of the last bullish wave.
The expect range trading for today will be between resistance line 35754 and support line 34300.
support line : 34300 , 33022
resistance line : 35754 , 37000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
The price perfectly fulfills my last idea and price reached to our first target waiting for second targets .
Update
The price of Bitcoin continued to rise to exceed the 35048 level, and we note that the price consolidated above this level to begin offering positive trades now, which supports the chances of resuming the expected upward trend in the immediate and short term, which aims to visit the 35754 and 37000 areas again.
Therefore the upward trend scenario will be remain valid supported by Moving average 50 supports the continuation of the proposed bullish wave, keeping in mind that breaking 35300 will put pressure on the price to begin a downward correction of the last bullish wave.
The expect range trading for today will be between resistance line 35754 and support line 34300.
support line : 34300 , 33022
resistance line : 35754 , 37000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade fermée: cible de profit atteinte
