Daily analysis (TA) :Bitcoin Forming A Rising Wedge Bearish sign🙄

in SteemitCryptoAcademy • 4 years ago (edited)

Daily analysis (TA) :Bitcoin Forming A Rising Wedge Bearish sign🙄

IMG_20210225_080024_830.jpg

BTC make a correction After the Big downside and Broke The Support area (50220$-49515$) and bounce in the support area (49015$-48535$).
Bitcoin fail to broke the Resistance Area (50615$-52460$), if BTC submit this resistance it will be able to scale into(52940$-53200$)--(54520$-55100$) Resistance Areas For Accomplish the rising wedge Formation.
If BTC hit the support level (49020$-48540$) might lead the price towards (46510$-45500$) important support level.

Hourly MACD – The MACD is in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is Above The 50 level.

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4 years ago in SteemitCryptoAcademy by
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