BTC Multi Time Frame Analysis (Daily)

21 Des 2021

An interesting analysis in the daily time frame: Well, you see, here are some cool things happening at the same time, first, last night, the price reacted positively to its volume support and was able to pull itself up . (This important volume support is in the $ 45,500 price range, so this price is very important to us, don't forget) . Now the price of Bitcoin has reached the ceiling of its downtrend , which overlaps with the 20-day Moving Average Exponential (EMA20) and the 0.236 Fibonacci extension ratio and volumetric resistance . (This Resistance range is the most Resistance in the whole chart) . Another good thing that has happened today is that the price is being traded above the POC Line, which is a very good thing if the price intends to start a new bullish trend. So only if all these resistances breaks , we can expect a new upward trend to start and the first target will be 53K .

Weekly Analysis :

Follow our other analysis & Feel free to ask any questions you have, we are here to help.


⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 21.DEC.2021
⚠️(DYOR)

❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️