hello trader's what do you think about this analysis ideas 💡🚧)
Btcusd retest Support level's and retest resistance levels
Btcusd retest 38k
wait for 38k breakout)
Next target 40k)
Here Are the Possible Scenarios for Bitcoin in the Coming Week (BTC Price Analysis)
Nov 19, 202315:01 GMT+5
Technical Analysis
By Shayan
The recent upward momentum in Bitcoin’s price encountered resistance upon reaching the significant $37K mark.
However, the market has entered into a consolidation phase, with the price oscillating within the range defined by $37 and $35K. A breakout from this critical range will determine the subsequent trajectory for Bitcoin. The Daily Chart
On the daily chart, the substantial uptrend in Bitcoin lost steam after breaking out from the $35K resistance zone and the middle trendline of the extended ascending channel. This transition led to a consolidation stage, presenting a crucial range between the resistance of $37K and the critical $35K support. Hence, Bitcoin’s future prospects will be determined by the price breaking out of this decisive range.
Despite several bullish signals indicating increased demand, the scenario of a short-term consolidation correction with minor retracements appears more plausible. Initial support for buyers is anticipated at the middle boundary of the ascending channel and the $35K support zone.The 4-Hour Chart
Following up with my trading ideas 😁💡😁)
Btcusd retest Support level's and retest resistance levels
Btcusd retest 38k
wait for 38k breakout)
Next target 40k)
Here Are the Possible Scenarios for Bitcoin in the Coming Week (BTC Price Analysis)
Nov 19, 202315:01 GMT+5
Technical Analysis
By Shayan
The recent upward momentum in Bitcoin’s price encountered resistance upon reaching the significant $37K mark.
However, the market has entered into a consolidation phase, with the price oscillating within the range defined by $37 and $35K. A breakout from this critical range will determine the subsequent trajectory for Bitcoin. The Daily Chart
On the daily chart, the substantial uptrend in Bitcoin lost steam after breaking out from the $35K resistance zone and the middle trendline of the extended ascending channel. This transition led to a consolidation stage, presenting a crucial range between the resistance of $37K and the critical $35K support. Hence, Bitcoin’s future prospects will be determined by the price breaking out of this decisive range.
Despite several bullish signals indicating increased demand, the scenario of a short-term consolidation correction with minor retracements appears more plausible. Initial support for buyers is anticipated at the middle boundary of the ascending channel and the $35K support zone.The 4-Hour Chart
Following up with my trading ideas 😁💡😁)
Note
wowNote
i ageen cal you 40k targetTrade active
runnig well up saidTrade active
traders i ageen cal you 40k targetNote
37k 35k r s 37k breakout falling 40k
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(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
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.