BITCOIN | Still Inside the Descending Channel..!!

BTC/USD (Bitcoin)

In Weekly Timeframe Chart, Still Following the Descending Channel Pattern & At the Moment, Holding the Weekly 100 Days EMA As Well..

According to Volume Profile, 6300-6500 is the Strong Support Region & 8000-8200 is the Strong Resistance Area & Channel Breakout/Resistance Region As Well.

Now What Will Happen Next???

If BTCUSD Weekly EMA100 Broke Down then It Can Test Strong Support Region (6300-6500) in coming Weeks.
If Hold it (EMA100) & Bounced Up Then It Could test Strong Resistance (8000-8200).

In My Opinion,we Should Wait For Some Strong Confirmation Before Taking Any Position/Action..!!


Check Out My Previous Ideas..!!

DAILY TF Chart.(ShortTerm)

Monthly TF Chart.(Longterm)