Scenarios for BTC in an Ascending Channel
We have take this assumption that in the recently bullish advance of BTC from 9 June 2021, it is going to create an ascending price channel. Such a channel could have various consequential scenarios.
Bullish Breakout Scenario: to realize such a scenario, there should be
- An ascending convergence in RSI and MACD
- High Volume than the last bottom of the pattern to accelerate the bullish bias of the breakout.
Bearish Breakout Scenario: to realize such a scenario, there should be
- An increasing divergence in RSI and MACD
- Low Volume at the last High and high volume in the Breakout trough to make a bearish breakout.
We will find
36K and 34K as high support zones and $42 to 44K as bloody resistance zones.
We all love Bitcoin be bullish since it makes everyone smiling.
Note: This is just an idea and not an advice. Trading of cryptocurrency is highly risky and full of potentials for high and low prices, suddenly.
We like to have your comments and ideas.
You can join us at SynchroBit Hybrid Exchange and enjoy trading of +85 cryptocurrencies in a Hybrid manner with the leading exchanges.
Bullish Breakout Scenario: to realize such a scenario, there should be
- An ascending convergence in RSI and MACD
- High Volume than the last bottom of the pattern to accelerate the bullish bias of the breakout.
Bearish Breakout Scenario: to realize such a scenario, there should be
- An increasing divergence in RSI and MACD
- Low Volume at the last High and high volume in the Breakout trough to make a bearish breakout.
We will find
36K and 34K as high support zones and $42 to 44K as bloody resistance zones. We all love Bitcoin be bullish since it makes everyone smiling.
Note: This is just an idea and not an advice. Trading of cryptocurrency is highly risky and full of potentials for high and low prices, suddenly.
We like to have your comments and ideas.
You can join us at SynchroBit Hybrid Exchange and enjoy trading of +85 cryptocurrencies in a Hybrid manner with the leading exchanges.
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