is symmetrical triangle breakout retested? could btc ready to go
Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Bitcoin got Rejected by the EMA200 Resistance (40900) But Still Moving above 38k Support.
At the Moment, Bitcoin is Retesting the 38k Support (Descending Channel), If Daily Candle Closed Above the Channel, Expecting Bounce Back towards the MA200. 📈
#Bitcoin is Moving Below the MA200 & 41.2k Horizontal Resistance.
RSI indicator is Making Lower Highs Since 8th Jan (Downtrend)
Death cross is Emerging as well (MA50 crossing below the MA200)
A close above MA200 invalidate the Death Cross‼️
❤️ If you find this helpful and want more FREE forecasts in Tradingview.
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, ❤️
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
Welcome to this quick update everyone,
In Daily timeframe Chart, Bitcoin got Rejected by the EMA200 Resistance (40900) But Still Moving above 38k Support.
At the Moment, Bitcoin is Retesting the 38k Support (Descending Channel), If Daily Candle Closed Above the Channel, Expecting Bounce Back towards the MA200. 📈
#Bitcoin is Moving Below the MA200 & 41.2k Horizontal Resistance.
RSI indicator is Making Lower Highs Since 8th Jan (Downtrend)
Death cross is Emerging as well (MA50 crossing below the MA200)
A close above MA200 invalidate the Death Cross‼️
❤️ If you find this helpful and want more FREE forecasts in Tradingview.
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, ❤️
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
