Hi, we saw a great bullđź rally after the price was able to broke an important resistance line. what will happen next?
Bitcoin Analyze ( BTCUSDT ) Timeframe Dailyâ°
I tried to use some Fib tools for finding the next movement and resistance and support zones on this post. I think that Bitcoin dump again. maybe you are asking why ?! I can see some Signs of Reversal. let's check these Signs.
đSign 1: if you pay attention to lines of Fib Speed Resistance Arcs, you can see, when the price touched lines for the first time on a rally, the price has started to reversing from them (đŠBlue RectanglesđŠ).
now price is close to one of these linesâ
đSign 2đ: Point D of Bearish Gartley Harmonic Pattern will appear around 57260$ & TRZ â
đSign 3đ: seems, Bitcoin is running in Ascending Channel from 28800$ until now. Now Bitcoin is near the upper line of our Ascending Channel and resistance lines and Fib channel's line (Fib 100%) == probably Bitcoin will react to these lines â
đSign 4đ: we have Divergence (RD-) between Price and MACD until Nowâ đ
đSign 5đ: on-chain date: Global open interest is 10.98 billion USD (a little dangerous), probably exchanges will get up and dump đ§
Resistance zones & Suppot Zones on Bitcoin's way :
Resistance Zone: 57280$ until 56700$
Support Zone 1: 47100$ until 45450$
Support Zone 2: 41340$ until 40530$
My Suggestion: you can follow my Fib tools lines. probably these lines will work and help usđđ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends, Thanks, and Trade safe
Bitcoin Analyze ( BTCUSDT ) Timeframe Dailyâ°
I tried to use some Fib tools for finding the next movement and resistance and support zones on this post. I think that Bitcoin dump again. maybe you are asking why ?! I can see some Signs of Reversal. let's check these Signs.
đSign 1: if you pay attention to lines of Fib Speed Resistance Arcs, you can see, when the price touched lines for the first time on a rally, the price has started to reversing from them (đŠBlue RectanglesđŠ).
now price is close to one of these linesâ
đSign 2đ: Point D of Bearish Gartley Harmonic Pattern will appear around 57260$ & TRZ â
đSign 3đ: seems, Bitcoin is running in Ascending Channel from 28800$ until now. Now Bitcoin is near the upper line of our Ascending Channel and resistance lines and Fib channel's line (Fib 100%) == probably Bitcoin will react to these lines â
đSign 4đ: we have Divergence (RD-) between Price and MACD until Nowâ đ
đSign 5đ: on-chain date: Global open interest is 10.98 billion USD (a little dangerous), probably exchanges will get up and dump đ§
Resistance zones & Suppot Zones on Bitcoin's way :
Resistance Zone: 57280$ until 56700$
Support Zone 1: 47100$ until 45450$
Support Zone 2: 41340$ until 40530$
My Suggestion: you can follow my Fib tools lines. probably these lines will work and help usđđ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends, Thanks, and Trade safe
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Just a scenario âïž
Timeframe Dailyâ°