#BTC #BTCUSD (update)
In 1h timeframe, Bitcoin Has been forming Falling Wedge Pattern & RSI printing Bullish Divergence as well (Bullish)
Expecting Upside Wedge Breakout but Bulls Need Some Volume ..!!
In Case of Breakout, Target Would be Around 10780. (Bitcoin Might Retest 9940 As well Before Upside Move)
Rising Wedge Already Broken Down With Strong Bearish Volume But So far Bulls Defending the KEY Support Area (10.2k-10.4k)
Now, If Bulls lost the Support Area, Expecting Another Bearish Wave towards the 9.6k (Unfilled gap)
In Case of Bounce Back From Here, Bitcoin might retest the 11k Resistance AREA .(For that Bulls Need Strong Volume)
Bitcoin Dominance
In Weekly timeframe, Bitcoin Dominance Has been Moving in Descending Channel & At the Moment, Holding Major Support Area (60%)
According to Channel formation, I'm Expecting Another Lower High (Might test the 64% ) in Coming days.
IMO, It's not a Good time to Buy or HOLD altcoins Because Majority of Alts Already at PEAK & Need Correction for Another Bullish Wave📈
FYI, FYI, There is a Unfilled CME gap as Well in 9645-9925 Range. (We're So Close)
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
In 1h timeframe, Bitcoin Has been forming Falling Wedge Pattern & RSI printing Bullish Divergence as well (Bullish)
Expecting Upside Wedge Breakout but Bulls Need Some Volume ..!!
In Case of Breakout, Target Would be Around 10780. (Bitcoin Might Retest 9940 As well Before Upside Move)
Rising Wedge Already Broken Down With Strong Bearish Volume But So far Bulls Defending the KEY Support Area (10.2k-10.4k)
Now, If Bulls lost the Support Area, Expecting Another Bearish Wave towards the 9.6k (Unfilled gap)
In Case of Bounce Back From Here, Bitcoin might retest the 11k Resistance AREA .(For that Bulls Need Strong Volume)
Bitcoin Dominance
In Weekly timeframe, Bitcoin Dominance Has been Moving in Descending Channel & At the Moment, Holding Major Support Area (60%)
According to Channel formation, I'm Expecting Another Lower High (Might test the 64% ) in Coming days.
IMO, It's not a Good time to Buy or HOLD altcoins Because Majority of Alts Already at PEAK & Need Correction for Another Bullish Wave📈
FYI, FYI, There is a Unfilled CME gap as Well in 9645-9925 Range. (We're So Close)
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
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Follow me On Twitter & Telegram For More Regular Updates..!!
Public Telegram Channel:
t.me/CryptoCove
Forex Telegram Channel:
t.me/Captain_FX
Twitter:
twitter.com/CryptoFaibik
Instagram :
instagram.com/captain_faibik
Public Telegram Channel:
t.me/CryptoCove
Forex Telegram Channel:
t.me/Captain_FX
Twitter:
twitter.com/CryptoFaibik
Instagram :
instagram.com/captain_faibik
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.