Analysis of #BTCUSD
BTCUSD seems to evolve on a Modified Schiff Pitchfork since 2020.
Since early 2022, BTCUSD has broken a multi month trendline (Yellow), and it evolve between the level 1 (Blue) and the level 1.5 (Purple) of this Modified Schiff Pitchfork.
Few days ago (04/29/2022), the BTC tried to reclame the multi month trendline (Yellow) and the 200 SMA (Red), it ended on a rejection.
BTC find support on the 100 SMA (Orange) and 50 SMA (Yellow).
If we zoom in, we can see that the BTC is forming an ascending channel (White).
BTCUSD seems to evolve on a Modified Schiff Pitchfork since 2020.
Since early 2022, BTCUSD has broken a multi month trendline (Yellow), and it evolve between the level 1 (Blue) and the level 1.5 (Purple) of this Modified Schiff Pitchfork.
Few days ago (04/29/2022), the BTC tried to reclame the multi month trendline (Yellow) and the 200 SMA (Red), it ended on a rejection.
BTC find support on the 100 SMA (Orange) and 50 SMA (Yellow).
If we zoom in, we can see that the BTC is forming an ascending channel (White).