Bitcoin movement trend
Updated
In a period of 4 hours, the twin floor reversal pattern is forming, which is confirmed by the presence of a positive divergence in the rsi indicator.
Expect a short climb to the Kijensen Line in 4 hours ($ 41570)
But in the daily interval, due to the heavy resistance of the straight line on the floor of the Como cloud, we expect to go back down
This drop could be up to the bottom of the bullish channel, ie $ 37,000. If this support is maintained, we can hope for the growth of Sharp Bitcoin.
This drop can be mentioned up to the bottom of various scenarios regarding the further drop of bitcoins, even up to the range of 28,000, which in my opinion are unacceptable considering the policies and conditions of bitcoin.
In my opinion, a heavy fall or rise from $ 40,000 will not be attractive to market leaders, and according to the above technical analysis, by creating a short-term uptrend to create greed in the market and engage people in purchases and long positions, the trend will start to fall to 37,000$
Keep in mind that the above description is only a personal opinion and not a buy or sell signal
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Expect a short climb to the Kijensen Line in 4 hours ($ 41570)
But in the daily interval, due to the heavy resistance of the straight line on the floor of the Como cloud, we expect to go back down
This drop could be up to the bottom of the bullish channel, ie $ 37,000. If this support is maintained, we can hope for the growth of Sharp Bitcoin.
This drop can be mentioned up to the bottom of various scenarios regarding the further drop of bitcoins, even up to the range of 28,000, which in my opinion are unacceptable considering the policies and conditions of bitcoin.
In my opinion, a heavy fall or rise from $ 40,000 will not be attractive to market leaders, and according to the above technical analysis, by creating a short-term uptrend to create greed in the market and engage people in purchases and long positions, the trend will start to fall to 37,000$
Keep in mind that the above description is only a personal opinion and not a buy or sell signal
Please make us happy by liking and following us
Share your comments with us in the comments section
Note
Reached the first target(resistance of the base line) : 41429$4.42% profit for you on spot
Trade closed: target reached
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