BITCOIN | Still Inside the Descending Channel..!!
BTC/USD (Bitcoin)
In Weekly Timeframe Chart, Still Following the Descending Channel Pattern & At the Moment, Holding the Weekly 100 Days EMA As Well..
According to Volume Profile, 6300-6500 is the Strong Support Region & 8000-8200 is the Strong Resistance Area & Channel Breakout/Resistance Region As Well.
Now What Will Happen Next???
If BTCUSD Weekly EMA100 Broke Down then It Can Test Strong Support Region (6300-6500) in coming Weeks.
If Hold it (EMA100) & Bounced Up Then It Could test Strong Resistance (8000-8200).
In My Opinion,we Should Wait For Some Strong Confirmation Before Taking Any Position/Action..!!
Check Out My Previous Ideas..!!
DAILY TF Chart.(ShortTerm)
Monthly TF Chart.(Longterm)
In Weekly Timeframe Chart, Still Following the Descending Channel Pattern & At the Moment, Holding the Weekly 100 Days EMA As Well..
According to Volume Profile, 6300-6500 is the Strong Support Region & 8000-8200 is the Strong Resistance Area & Channel Breakout/Resistance Region As Well.
Now What Will Happen Next???
If BTCUSD Weekly EMA100 Broke Down then It Can Test Strong Support Region (6300-6500) in coming Weeks.
If Hold it (EMA100) & Bounced Up Then It Could test Strong Resistance (8000-8200).
In My Opinion,we Should Wait For Some Strong Confirmation Before Taking Any Position/Action..!!
Check Out My Previous Ideas..!!
DAILY TF Chart.(ShortTerm)
Monthly TF Chart.(Longterm)
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