BTCUSD : Bitcoin / US Dollar Index XBT on a critical level
Bitcoin / US Dollar Index XBT H4 chart
The price is on a very critical level. I did draw everything on the chart
Blue lines: Weekly resistance
The thick red line below: An important and strong support
The thick red line above: A large falling trend line (this must pass in order for the ascension to continue strongly)
There are two possibilities;
1- He will rise up and return from resistance (more likely)
2- It will pass the resistance and continue to rise
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me.
Below you can see the symmetrical triangle formation in the weekly chart
The price is on a very critical level. I did draw everything on the chart
Blue lines: Weekly resistance
The thick red line below: An important and strong support
The thick red line above: A large falling trend line (this must pass in order for the ascension to continue strongly)
There are two possibilities;
1- He will rise up and return from resistance (more likely)
2- It will pass the resistance and continue to rise
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me.
Below you can see the symmetrical triangle formation in the weekly chart