Bitcoin : Long-Term TA Update (Pattern & Price-Action)

This is just an analysis

We trade based on this analysis and market behavior

• Currently, the price has hit the support zone of 91400.0
  
• This level also role as a neckline
  
• The price may have a short-term rise and go up to 99200, in which case we can enter a buy position by breaking the downtrend resistance line #1
  

But if the price breaks the neckline, we should enter a sell position until the price reaches 74,800, which is also the target of our bearish pattern

Trading Setup:
Sell on Neck line Breakout

BTC.D BTC.D TA:

What are these signals based on?

1. Classical Technical Analysis
   
2. Price Action
   
3. Candlesticks
   
4. Fibonacci
   
5. RSI, Moving Average , Ichimoku , Bollinger Bands
   

Risk Warning

Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.

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