Renko analysis shows that Bitcoin is at a critical point. Bitcoin is right below the support/resistance of the Renko swing area. Bitcoin is actually testing this resistance/ support level . Bitcoin's reaction to this support/resistance level is critical. If Bitcoin breaks up this resistance level and enters the swing area again, this can be an important signal about the trend change. In order to confirm a breakup, Bitcoin must be able to create a brick above the support/resistance level
On the other hand, Renko brick 20 EMA resistance is also ahead. Based on the principles of Renko analysis, Bitcoin's reaction against these two resistances will be very important
On the other hand, Renko brick 20 EMA resistance is also ahead. Based on the principles of Renko analysis, Bitcoin's reaction against these two resistances will be very important