Bitcoin : Long-Term TA Update (Pattern & Price-Action)

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This is just an analysis
We trade based on this analysis and market behavior
  • Currently, the price has hit the support zone of 91400.0
  • This level also role as a neckline
  • The price may have a short-term rise and go up to 99200, in which case we can enter a buy position by breaking the downtrend resistance line #1


But if the price breaks the neckline, we should enter a sell position until the price reaches 74,800, which is also the target of our bearish pattern

Trading Setup:
Sell on Neck line Breakout

BTC.D BTC.D TA: snapshot

What are these signals based on?
  1. Classical Technical Analysis
  2. Price Action
  3. Candlesticks
  4. Fibonacci
  5. RSI, Moving Average , Ichimoku , Bollinger Bands


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Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.

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