BTC/USD (Bitcoin) | Descending Channel & EMA100 ...!!
BTC/USD (Bitcoin)
Good Morning Tradingview Family..!!
As All You Know, We're Following Descending/Falling Channel in Weekly Chart...Let's Continue Again..!!
First of All, BTCUSD Weekly Candle Closed Above EMA50 & 7.4K Tiny Support as well.
Last Week We've Gained Huge Buying Volume, That's Why BTCUSD Tested the Channel's Lower Support & Recovered Quickly.
Now Looks Bullish BUT Big/Key Resistance Coming Ahead..(EMA100/8000)
If We broke it Successfully then Chances of Breakout will increase So Keep Your Eyes on 8000 Level.
EMA50 & EMA100 Both Are Playing Key Roles in Weekly Chart..
EMA50 = Key Resistance & EMA100 = Key Support
Another Weekly View..!!
According to Weekly Chart, Descending Triangle Broken & Retested as well..& 6k is the Strong Support in Bearish Scenario.
By the way, It's a Bearish Pattern & So Far Right on Track..If BTC Crashed again then it might test 6k Support..
Please, give us your opinion in the comments.!!
If you like the idea, please hit the Like button and subscribe to the profile in order not to miss our updates.
The information given is never financial advice. Always do your own research.
Good Morning Tradingview Family..!!
As All You Know, We're Following Descending/Falling Channel in Weekly Chart...Let's Continue Again..!!
First of All, BTCUSD Weekly Candle Closed Above EMA50 & 7.4K Tiny Support as well.
Last Week We've Gained Huge Buying Volume, That's Why BTCUSD Tested the Channel's Lower Support & Recovered Quickly.
Now Looks Bullish BUT Big/Key Resistance Coming Ahead..(EMA100/8000)
If We broke it Successfully then Chances of Breakout will increase So Keep Your Eyes on 8000 Level.
EMA50 & EMA100 Both Are Playing Key Roles in Weekly Chart..
EMA50 = Key Resistance & EMA100 = Key Support
Another Weekly View..!!
According to Weekly Chart, Descending Triangle Broken & Retested as well..& 6k is the Strong Support in Bearish Scenario.
By the way, It's a Bearish Pattern & So Far Right on Track..If BTC Crashed again then it might test 6k Support..
Please, give us your opinion in the comments.!!
If you like the idea, please hit the Like button and subscribe to the profile in order not to miss our updates.
The information given is never financial advice. Always do your own research.
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