Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly timeframe Bitcoin just recently perfectly retested and also rejected an obvious previous resistance area which was turned strong resistance again.
However if you look at the overall picture, we have a bullish ema-cross, bullish market structure and Bitcoin is also approaching a previous weekly support zone so I am now just waiting for another retest of this area and then the continuation towards the upside.
On the daily timeframe I am also just waiting for another retest of the previous daily support area and if we then have some bullish confirmation it is quite likely that we will actually see the continuation towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
From a weekly timeframe Bitcoin just recently perfectly retested and also rejected an obvious previous resistance area which was turned strong resistance again.
However if you look at the overall picture, we have a bullish ema-cross, bullish market structure and Bitcoin is also approaching a previous weekly support zone so I am now just waiting for another retest of this area and then the continuation towards the upside.
On the daily timeframe I am also just waiting for another retest of the previous daily support area and if we then have some bullish confirmation it is quite likely that we will actually see the continuation towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: