Hi Guys
The chart shows BTC vs USDT on the 8 hourly on Coinbase.
Bitcoin is bouncing off the June 2021 ATL (Green Horizontal Line), which is seemingly providing a level of support so far.
Bitcoin is about to re-enter a downward parallel channel (Red Lines) in which you can see has formed strong price points (support/resistance) with the white highlights.
Breaking this channel with strong volume would be a bullish move.
Right now we are getting a lot of side action but it will have to end at some point.
What are your thoughts guys, bullish or bearish?
Like if you agree.
Many thanks,
Casey
Disclaimer: Not professional Advice
The chart shows BTC vs USDT on the 8 hourly on Coinbase.
Bitcoin is bouncing off the June 2021 ATL (Green Horizontal Line), which is seemingly providing a level of support so far.
Bitcoin is about to re-enter a downward parallel channel (Red Lines) in which you can see has formed strong price points (support/resistance) with the white highlights.
Breaking this channel with strong volume would be a bullish move.
Right now we are getting a lot of side action but it will have to end at some point.
What are your thoughts guys, bullish or bearish?
Like if you agree.
Many thanks,
Casey
Disclaimer: Not professional Advice
ノート
Bitcoin has hit the lower parallel channel line. The bullish response would be a double 8 hour close above 30.4k. Also strong volume to keep the impulse going.
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免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。