Bitcoin

Where will BTC/USD go next?

215
Hello,
this is an update from my previous BTC/USD chart
didnt notice a sudden volume spike in less than 2 days resulting into upward price.
while the rally still continue, keep in mind BTC/USD still in bearish trends.

Ichimoku Cloud (weekly chart):
snapshot

MACD:
snapshot

Stochastic RSI:
snapshot

Possible Scenarios:
snapshot

Resistance #1 : +- $ 5000
Resistance #2 : +- $ 6000

Support #1 : +- $ 4100
Support #2 : +- $ 3100

Yellow Line: Price action could go side way on support #1 then slowly move toward support #2 or resistance #2
Red Line : Price action could go downside to support #2 after being rejected either from resistance #1 or #2, while there always possible sudden rally occur because certain event.
Green Line : Price action go toward resistance #2 and probably will sideway along resistance #2 until it can break toward bullish territory

Please take this idea with a grain of salt, i do love to hear your feedback in the comment section about this idea..
peace.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.