Bitcoin Analyze (Expanding Triangle)!!!🧐

If you want to know about the Bitcoin road map, please look at 👇

Bitcoin Analyze ( BTCUSDT ) Daily Timeframe⏰(Log Scale)

Bitcoin has been moving between Support and Resistance Zone for more than one month while making the Expanding Triangle, and I expect that we can find the Point E of this Triangle in the Heavy Resistance zone & probably in my TRZ.

If Bitcoin breaks the Heavy Resistance zone, then we can think about other scenarios.

In addition, still, we don't hear the good news in cryptocurrency markets (DXY is bullish, the Stock market is on the correction, the Cryptocurrency market is still in the shock of LUNA, and War is still running (unfortunately), Covid is growing up again, etc.).

🔆As a result: Technical analysis + Fundamental analysis = I don't think that Bitcoin can break the Heavy Resistance zone.🔆

🟢Support Zone🟢: 18980$ to 17620$

🔴Heavy Resistance Zone🔴: 24100$ to 22500$ (Cluster of Fibs + SMA 50 + Resistance Line + Monthly Pivot Point)

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.

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Komentarz:

Short term analyze