Where will BTC/USD go next?
Hello,
this is an update from my previous BTC/USD chart
didnt notice a sudden volume spike in less than 2 days resulting into upward price.
while the rally still continue, keep in mind BTC/USD still in bearish trends.
Ichimoku Cloud (weekly chart):
MACD:
Stochastic RSI:
Possible Scenarios:
Resistance #1 : +- $ 5000
Resistance #2 : +- $ 6000
Support #1 : +- $ 4100
Support #2 : +- $ 3100
Yellow Line: Price action could go side way on support #1 then slowly move toward support #2 or resistance #2
Red Line : Price action could go downside to support #2 after being rejected either from resistance #1 or #2, while there always possible sudden rally occur because certain event.
Green Line : Price action go toward resistance #2 and probably will sideway along resistance #2 until it can break toward bullish territory
Please take this idea with a grain of salt, i do love to hear your feedback in the comment section about this idea..
peace.
this is an update from my previous BTC/USD chart
didnt notice a sudden volume spike in less than 2 days resulting into upward price.
while the rally still continue, keep in mind BTC/USD still in bearish trends.
Ichimoku Cloud (weekly chart):
MACD:
Stochastic RSI:
Possible Scenarios:
Resistance #1 : +- $ 5000
Resistance #2 : +- $ 6000
Support #1 : +- $ 4100
Support #2 : +- $ 3100
Yellow Line: Price action could go side way on support #1 then slowly move toward support #2 or resistance #2
Red Line : Price action could go downside to support #2 after being rejected either from resistance #1 or #2, while there always possible sudden rally occur because certain event.
Green Line : Price action go toward resistance #2 and probably will sideway along resistance #2 until it can break toward bullish territory
Please take this idea with a grain of salt, i do love to hear your feedback in the comment section about this idea..
peace.
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