Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Bitcoin just retested and already rejected a quite obvious previous weekly support zone which was now turned resistance exactly at the
30,000 area.
As mentioned in my last analysis linked below, after a 90% pump over the past couple of weeks a short term correction was quite likely and maybe Bitcoin will also retest the $24,000 level from which I then do expect a next rally towards the upside.
On the daily timeframe you can see that Bitcoin is currently already retesting a previous daily support zone at the
27,000 area so after we get some bullish confirmation, we could already see a short term rally towards the upside from here.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://tradingview.sweetlogin.com/chart/BTCUSD/4Iaf0DoC-Bitcoin-Maybe-A-Little-Overextended/
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Bitcoin just retested and already rejected a quite obvious previous weekly support zone which was now turned resistance exactly at the
30,000 area.As mentioned in my last analysis linked below, after a 90% pump over the past couple of weeks a short term correction was quite likely and maybe Bitcoin will also retest the $24,000 level from which I then do expect a next rally towards the upside.
On the daily timeframe you can see that Bitcoin is currently already retesting a previous daily support zone at the
27,000 area so after we get some bullish confirmation, we could already see a short term rally towards the upside from here.Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://tradingview.sweetlogin.com/chart/BTCUSD/4Iaf0DoC-Bitcoin-Maybe-A-Little-Overextended/
Philip - Swing Trader
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
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.
Philip - Swing Trader
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
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.