Bitcoin breaks the support zone and the middle line👇

Hi everyone👋

Bitcoin is moving in an ascending channel.

Bitcoin managed to break the 🟢support zone($ 29,880-$ 29,660)🟢 and the middle line of the ascending channel by the candle 4 hours ago. (The volume of the breakout candle was acceptable).

Bitcoin's next destination after the pullback to the middle line and support zone will be the next 🟢support zone($ 28,900-$ 28,600)🟢.

You may ask yourself whether Bitcoin will be able to break the ascending channel downwards or not.

🔔To answer this question, I got help from 3 indicators in the daily time frame:

• The MACD indicator shows Regular Divergence(RD-).👇
  
  

• The RSI indicator shows Regular Divergence(RD-) and is forming a Double Top pattern, which means that if the neckline breaks, the probability that the ascending channel of Bitcoin will break downwards is very high.👇
  
  

• The Stochastic RSI indicator shows us the end of the movement well.👇
  

Bitcoin Analyze ( OKX:BTCUSDT ), 4-hoour time frame ⏰.

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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تعليق:

Agree with me?

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Bitcoin runs Descending Channel within an Ascending Channel!!!▶️