Hi friends hope you are well, and welcome to the new update on Bitcoin (BTC).
The divergence:
There is a big hidden bullish divergence appeared on weekly time frame.
Down channel:
The prciceline is bounced from the support of a down channel on 4-hour time frame.
SMAS:
The priceline has broken down $52900 support and now this level be a strong resistance for Bitcoin. Now the price action has tested strong support of $41330.
The priceline of Bitcoin has broken down EMA weekly but the 50 simple moving average is still not broken down.
Big bullish harmonic move flashed:
There is a big harmonic Shark pattern formed on weekly time frame
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
The divergence:
There is a big hidden bullish divergence appeared on weekly time frame.
Down channel:
The prciceline is bounced from the support of a down channel on 4-hour time frame.
SMAS:
The priceline has broken down $52900 support and now this level be a strong resistance for Bitcoin. Now the price action has tested strong support of $41330.
The priceline of Bitcoin has broken down EMA weekly but the 50 simple moving average is still not broken down.
Big bullish harmonic move flashed:
There is a big harmonic Shark pattern formed on weekly time frame
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade