pejman_zwin

Bitcoin breaks the support zone and the middle line๐Ÿ‘‡

์ˆ
pejman_zwin ์—…๋ฐ์ดํŠธ๋จ   
OKX:BTCUSDT   Bitcoin/Tether
Hi everyone๐Ÿ‘‹

Bitcoin is moving in an ascending channel.

Bitcoin managed to break the ๐ŸŸขsupport zone($ 29,880-$ 29,660)๐ŸŸข and the middle line of the ascending channel by the candle 4 hours ago. (The volume of the breakout candle was acceptable).

Bitcoin's next destination after the pullback to the middle line and support zone will be the next ๐ŸŸขsupport zone($ 28,900-$ 28,600)๐ŸŸข.

You may ask yourself whether Bitcoin will be able to break the ascending channel downwards or not.

๐Ÿ””To answer this question, I got help from 3 indicators in the daily time frame:

  • The MACD indicator shows Regular Divergence(RD-).๐Ÿ‘‡


  • The RSI indicator shows Regular Divergence(RD-) and is forming a Double Top pattern, which means that if the neckline breaks, the probability that the ascending channel of Bitcoin will break downwards is very high.๐Ÿ‘‡


  • The Stochastic RSI indicator shows us the end of the movement well.๐Ÿ‘‡


Bitcoin Analyze ( OKX:BTCUSDT ), 4-hoour time frame โฐ.

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.

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์ฝ”๋ฉ˜ํŠธ:
Agree with me?
์ฝ”๋ฉ˜ํŠธ:

How can we confirm Bull Runโ—๏ธโ“
์ฝ”๋ฉ˜ํŠธ:

Bitcoin runs Descending Channel within an Ascending Channel!!!โ–ถ๏ธ

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