Bitcoin bears exhausted - Reversal will come
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Hello guys, bitcoin made a sharp bear move the last time. As you can see in my chart it is trading in a channel and wedge formation.
We will see an up-move soon to the area seen in my chart, at the psychological level 9900 - 10.000 USD.
Bitcoin touched exactly the lower line of the wedge and channel.
Strong support is at 8000 - 8100 USD.
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RSI: Oversold
Stochastic: Oversold
Target: 9800 - 9900
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Information provided is only educational and should not be used to take action in markets.
Thanks.
___________________________________________________________________________________________________________________
Hello guys, bitcoin made a sharp bear move the last time. As you can see in my chart it is trading in a channel and wedge formation.
We will see an up-move soon to the area seen in my chart, at the psychological level 9900 - 10.000 USD.
Bitcoin touched exactly the lower line of the wedge and channel.
Strong support is at 8000 - 8100 USD.
___________________________________________________________________________________________________________________
RSI: Oversold
Stochastic: Oversold
Target: 9800 - 9900
___________________________________________________________________________________________________________________
Information provided is only educational and should not be used to take action in markets.
Thanks.
___________________________________________________________________________________________________________________
Note
Note
Trade active
Note
Note
Low momentum on the daily showing reversal signs tradingview.com/chart/z140vc8a/
Note
Note
People taking monthly or weekly charts to discuss price action... in trading, you have to take smaller time frames to have the right accuracy.Note
We see good volume and price action BTC touched exactly my support line
Note
"The sun shines in vain for everyone."Note
The information provided is for educational purposes only and should not be used to take action in markets.
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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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.