Bitcoin, Testing Remaining Zones, Determining Scenarios!
Hi,
Welcome to this analysis about Bitcoin, we are looking at the 3-hour timeframe perspectives. Since this major bullish bounce to the upside recently occurred with Bitcoin moving above important resistance with exceptional demand moving into the market Bitcoin is now testing these main remaining resistances marked in my chart by the descending-resistance-line in black, and the horizontal resistance level in blue, these are two significant resistance-reference-points above which Bitcoin need to move to maintain continued bullishness and testing of further resistance, when this does not happen and Bitcoin does not hold the ascending-channel this will lead to an initial invalidation of the bullishness to test lower levels. For now, it will be meaningful how Bitcoin reacts in the resistances further determining further developments.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about Bitcoin, we are looking at the 3-hour timeframe perspectives. Since this major bullish bounce to the upside recently occurred with Bitcoin moving above important resistance with exceptional demand moving into the market Bitcoin is now testing these main remaining resistances marked in my chart by the descending-resistance-line in black, and the horizontal resistance level in blue, these are two significant resistance-reference-points above which Bitcoin need to move to maintain continued bullishness and testing of further resistance, when this does not happen and Bitcoin does not hold the ascending-channel this will lead to an initial invalidation of the bullishness to test lower levels. For now, it will be meaningful how Bitcoin reacts in the resistances further determining further developments.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the market.
►✅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.