BTC/USD Update (Weekly Analysis )📈📉
Hey ,What sup Guys!?
what about the previous weekly analysis! Let's start with Bitcoin as usual!
It was under the Pivot area that I said if it want to increase it should be able to take over that area; And so far it has acted similarly to the bars pattern taken from the previous and recent falling wave, and can repeat its movements and continue its movement. Or maybe it can even grow to the next level of resistance zone and then come back!
But today in this chart , it was the first time in history of bitcoin that has had 9 bearish candle in a row but this week it had a green candle till now . so now you can see that Bitcoin is under previous support Which now acts like as a resistance zone, And by reaching to them, it can have a pullback, after retesting any higher R zone or key levels,
as you can see, if the price rises further, the bears will appear again and they start to sell and price will decline again .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
what about the previous weekly analysis! Let's start with Bitcoin as usual!
It was under the Pivot area that I said if it want to increase it should be able to take over that area; And so far it has acted similarly to the bars pattern taken from the previous and recent falling wave, and can repeat its movements and continue its movement. Or maybe it can even grow to the next level of resistance zone and then come back!
But today in this chart , it was the first time in history of bitcoin that has had 9 bearish candle in a row but this week it had a green candle till now . so now you can see that Bitcoin is under previous support Which now acts like as a resistance zone, And by reaching to them, it can have a pullback, after retesting any higher R zone or key levels,
as you can see, if the price rises further, the bears will appear again and they start to sell and price will decline again .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
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