Bitcoin Action
https://www.tradingview.com/chart/BTCUSDT/41qLtaOG-Bitcoin/
Bitcoin
Hello everyone
Today I wanna show you my view of BTCUSD and situation on the market
We move inside the falling wedge , we just reached the price of 7280 is a good support and at this point several indicators intersect:
1. 61.8% fibonacci level
2. Falling wedge support line
3. Diagonal support line formed by 4 points
I think we will continue to move inside this wedge and even a possible false break up this wedge
Soon we will talk about the New Year rally, which is likely to be in the black triangle in the range 6800-8400
Now you can observe the intersection of the two main MA 200 and 50 - and this is called death cross - a signal for falling
After that we will break the line of support - the black line
Most likely we will continue to move down to the zone of the largest volumes of 6600-6200 where you will see a flat, and there is even a chance that we will break this strong level down, and this will cause panic in
ߋ excavochannel
https://www.tradingview.com/chart/BTCUSDT/41qLtaOG-Bitcoin/
Bitcoin
Hello everyone
Today I wanna show you my view of BTCUSD and situation on the market
We move inside the falling wedge , we just reached the price of 7280 is a good support and at this point several indicators intersect:
1. 61.8% fibonacci level
2. Falling wedge support line
3. Diagonal support line formed by 4 points
I think we will continue to move inside this wedge and even a possible false break up this wedge
Soon we will talk about the New Year rally, which is likely to be in the black triangle in the range 6800-8400
Now you can observe the intersection of the two main MA 200 and 50 - and this is called death cross - a signal for falling
After that we will break the line of support - the black line
Most likely we will continue to move down to the zone of the largest volumes of 6600-6200 where you will see a flat, and there is even a chance that we will break this strong level down, and this will cause panic in
ߋ excavochannel