Bitcoin Price Touched the Top Line of Great Ascending Channel

in Account Booster 👍4 days ago

There is great ascending channel on Bitcoin price chart. After touching 60K, Bitcoin price stuck into this ascending channel and It is going up slowly by following this channel. There was resistance on Bitcoin price chart. The middle line of this channel is one of resistance on Bitcoin price chart. After breaking up this resistance, the top line of this great ascending channel will be the next resistance.

Here you can see daily chart of Bitcoin price. Bitcoin price touched the top line of this ascending channel. 200-day moving average is also at the same level. We may see reversing down from these great resistances.

e1.PNG

Here you can see the indicators on daily chart of Bitcoin price. There is mini uptrend line on Fisher Indicator. This mini utprend line will continue until breaking down this mini uptrend line.

There is also uptrend line on MACD Indicator. If we see reversing down on Bitcoin price chart, MACD Indicator will break down.

There was great resistance on RSI Indicator. It was broken up. We may see bullish pattern on RSI Indicator. There is mini uptrend line on RSI Indicator. If it breaks down, we will see price correction on Bitcoin price chart.

e2.PNG

The top line of this channel will resist Bitcoin price chart. We may see price correction on Bitcoin price chart.

We will see..

Sort:  

Bitcoin volatility is more tolerable than ethereum but you can take advantage of ethereum for scalping which also comes with higher potential profit and significant losses, trade with caution ❗
images555.jpeg