BTCUSD trend analysis
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Presented is a 1 hr trend analysis for BTCUSD. My sentiment is continuation to retest key resistance zones. With our recent break and immediate retest of 40 K with a rejection to find support at 36400.00, my sentiment is continuation with a breach and close out above 40 K to retest 41 k.
We may see another rejection which would turn focus to a retest of 36400 K support to keep bull sentiment valid. Ultimately we want to see a significant breach above 41k with a close out to push the trend to a very important resistance at 46 k. If this is complete Further analysis will forecast continuation based off our previous high resistance retests.
For those that may find this difficult to understand, this is strictly a technical analysis based off my key whole number supports and resistance. MACD and SRSI help determine continuation of a trend following pivots that may throw a beginner trader off to close out their trade.
Please study my chart and comment with any thoughts and ideas. Thank you!
Presented is a 1 hr trend analysis for BTCUSD. My sentiment is continuation to retest key resistance zones. With our recent break and immediate retest of 40 K with a rejection to find support at 36400.00, my sentiment is continuation with a breach and close out above 40 K to retest 41 k.
We may see another rejection which would turn focus to a retest of 36400 K support to keep bull sentiment valid. Ultimately we want to see a significant breach above 41k with a close out to push the trend to a very important resistance at 46 k. If this is complete Further analysis will forecast continuation based off our previous high resistance retests.
For those that may find this difficult to understand, this is strictly a technical analysis based off my key whole number supports and resistance. MACD and SRSI help determine continuation of a trend following pivots that may throw a beginner trader off to close out their trade.
Please study my chart and comment with any thoughts and ideas. Thank you!
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