Please be with me in this post to answer this question.↘️
To analyze Bitcoin, I first used Fibonacci tools (price + time), I also identified 🟢support🟢 and 🔴resistance zones🔴 on the chart, and I used Volume, RSI, and Bollinger Bands indicators. I also specified 🔵CME Gaps🔵 on the chart that can be a road map for Bitcoin because they are completely filled up to this time.
⚠️Reasons not to get FOMO:⚠️
Bitcoin is moving in a 🔴heavy resistance zone ($ 32,400-$ 28,120)🔴, and most resistances or supports are not broken with the one-time test.
Bitcoin is moving in the 🟡Price Reversal Zone(PRZ)🟡.
Bitcoin is moving in the 🟡Time Reversal Zone(TRZ)🟡.
The Regular Divergence(RD-) between Volume & RSI indicators, and the price.
❗️Sell❗️ signal Bollinger Bands indicator: Sell signals form when the price goes up and a green candle breaks and closes above the upper band, and then it is followed by a red candle closing below the band.
🔔So, I expect Bitcoin to at least fall to the middle pitchfork line & support line and fill the first lower 🔵CME Gap($ 28,265- $ 28,110)🔵.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.