Bitcoin (XBT) is trading within a descending channel.
- Chart signals are bearish.
- Trend bearish.
There is a bullish divergence with the RSI.
Potential for a reversal in the current zone possible.
Main support $16,500.
Above this level bitcoin can break out of the descending channel and move up (green arrow).
Below $16,500 this analysis is invalidated.
----
4H timeframe
Namaste.
- Chart signals are bearish.
- Trend bearish.
There is a bullish divergence with the RSI.
Potential for a reversal in the current zone possible.
Main support $16,500.
Above this level bitcoin can break out of the descending channel and move up (green arrow).
Below $16,500 this analysis is invalidated.
----
4H timeframe
Namaste.
🔝 Altcoins & Bitcoin Charts!
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access
lamatrades.com (Since 2017)