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Bitcoin

BTC towards 13500 ??

Oleh maheswar81
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BTCUSD , is trending down steadily.

I have drawn a chart where BTC can take support
Nota
14300 now, 800 more to reach the target.
Nota
As our chart is based on Line and price close, support was nicely held last time.

I observe 2 things :

1) Price is testing the support again and again to check the strength.
2) As the fall was very steep, it will breakout soon. A breakout will change the sentiment towards positive.

syot kilat
Nota
As our chart is based on Line and price close, we dnot consider the price extension in that particular timeframe.

Price closed well above the support and bounced back.
Nota
Well, I dnot know how to change the heading.

BTC heading to 20000? should be the title.

syot kilat
Nota
My view on the BTC/USD

syot kilat
Nota
Look at the RSI, it is at the Oversold condition which can take the price to the upside.
Nota
Update :

A decent bounce from the demand zone

syot kilat
Nota
We broke the roof top pattern and formed a downtrend channel. Price is following into the channel. But there is a strong support at the demand zone. As long as support holds the demand zone, we can buy there and sell on top.

1) Price on trendline
2) Forming a symmetric triangle pattern which can breakout soon.
3) Price is above the support.

syot kilat
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maheswar81

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