Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ).
BTC Price looks like it is headed back up to the S/R line. If it can break above the line, it has a chance to go up to the $36K-$38K region, but if it fails the S/R line, it is coming down to $28K region first then even as low as $20K-$22K.
The Support and Resistance Line is very important to pay attention to before considering a move. I've added in the RSI and EMA in the chart.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BTC Price looks like it is headed back up to the S/R line. If it can break above the line, it has a chance to go up to the $36K-$38K region, but if it fails the S/R line, it is coming down to $28K region first then even as low as $20K-$22K.
The Support and Resistance Line is very important to pay attention to before considering a move. I've added in the RSI and EMA in the chart.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
I chart on Tradingview: www.tradingview.com/symbols/BTCUSD/?aff_id=25106
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
