BTC/USD-1 Hour analysis
Hello everybody!
-On a 1-hour chart, we can see that the price tested and rejected the resistance line.
-Now we can expect breakout or bounce in a bearish direction.
-We can see that the resistance line was tested a few times in the past so I consider that line as a solid resistance line.
-On stochastic indicator, we can see that the price is in the overbought area so we might have rejection and some bearish movement,...
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 1-hour chart, we can see that the price tested and rejected the resistance line.
-Now we can expect breakout or bounce in a bearish direction.
-We can see that the resistance line was tested a few times in the past so I consider that line as a solid resistance line.
-On stochastic indicator, we can see that the price is in the overbought area so we might have rejection and some bearish movement,...
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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.
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.