#BTC/USD Update +
📊 4H-Frame 📉 S & R 📈 Chart Update
#Bitcoin got new local support at about 36000$ level and started a new uptrend in a 4H-frame channel. Trading volume has been increased and we had a good daily candle close but this is not enough.
The nearest resistance is located at 38222$ and if we can break it, #Bitcoin will go up to test the most important short-term resistance at 40000$.
Another scenario with a higher probability is consolidating inside the wedge pattern for more days before starting a big move and the worst scenario is breaking down the 34000$ support that will throw us down to test the 30000$ area.
Let's see where the weekly candle will close...
📊 4H-Frame 📉 S & R 📈 Chart Update
#Bitcoin got new local support at about 36000$ level and started a new uptrend in a 4H-frame channel. Trading volume has been increased and we had a good daily candle close but this is not enough.
The nearest resistance is located at 38222$ and if we can break it, #Bitcoin will go up to test the most important short-term resistance at 40000$.
Another scenario with a higher probability is consolidating inside the wedge pattern for more days before starting a big move and the worst scenario is breaking down the 34000$ support that will throw us down to test the 30000$ area.
Let's see where the weekly candle will close...