Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
The chart is self-explanatory. Since RSI is close to the oversold region, there may be a chance that the BTC price goes upwards with a possible re-test of the multi-month S/R line. If price continues to fall, please keep a close eye on the Support Zone noted in the chart.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Support Zone, Ichimoku Cloud, Volume, Exponential Moving Average Ribbons, Simple Moving Average, Double Top Pattern, Ascending Wedge Pattern, Volume Profile Volume Range (VPVR).
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
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BTC just broke the support line.
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The BTC price is approaching the Resistance Line soon. Get ready!