Bitcoin |Expecting Bounce Back After Lower Lows..!!
BTC/USD (Bitcoin)
And Finally BTCUSD Reached at Descending Channel's Bottom/Lower Support After Forming Lower low Pattern.
Now holding the Crucial Support (6600) With Bullish Divergence .
If Today's Candle Closed Above Support then I'm Expecting Bounce Back Because of Double Bottom..
Major Indicators (MACD & RSI) Are Also Turning Bullish After a Long time..
Buying Volume is Also Coming after Last 2 Days Flash crash..But For Healthy Reversal Need some Strong Buying Volume..
Now According to VPVR (Volume Profile), 7200 & 8000 Are Strong Resistance Levels..& In case of Another Flash Crash, 5600 will be Next Strong Support.
Descending Channel Fakeout in 4h Chart,After Testing the 6.6k Crucial Support, Now Bouncing Back..(Double Bottom Pattern)
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And Finally BTCUSD Reached at Descending Channel's Bottom/Lower Support After Forming Lower low Pattern.
Now holding the Crucial Support (6600) With Bullish Divergence .
If Today's Candle Closed Above Support then I'm Expecting Bounce Back Because of Double Bottom..
Major Indicators (MACD & RSI) Are Also Turning Bullish After a Long time..
Buying Volume is Also Coming after Last 2 Days Flash crash..But For Healthy Reversal Need some Strong Buying Volume..
Now According to VPVR (Volume Profile), 7200 & 8000 Are Strong Resistance Levels..& In case of Another Flash Crash, 5600 will be Next Strong Support.
Descending Channel Fakeout in 4h Chart,After Testing the 6.6k Crucial Support, Now Bouncing Back..(Double Bottom Pattern)
Please like, subscribe and share your ideas and charts with the community!
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