BTC/USD in the big picture

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

MyCryptoSuccubus

Analysis of #BTCUSD

BTCUSD seems to evolve on a Modified Schiff Pitchfork since 2020.

Since early 2022, BTCUSD has broken a multi month trendline (Yellow), and it evolve between the level 1 (Blue) and the level 1.5 (Purple) of this Modified Schiff Pitchfork .

Few days ago (04/29/2022), the BTC tried to reclame the multi month trendline (Yellow) and the 200 SMA (Red), it ended on a rejection.

BTC find support on the 100 SMA (Orange) and 50 SMA (Yellow).

If we zoom in, we can see that the BTC is forming an ascending channel (White).

You might be interested in …

Trading View May 14, 2022

$DEFI is toast: nice short…

$DEFI is toast: nice short… DeFi Index Perpetual Futures FTX:DEFIPERP IvanLabrie I think we are likely to see a massive move down in DeFi names, the contract issued by FTX is a nice way of […]

Trading View May 8, 2022

GOING TO REINVEST ON SOLANA…! SOL / TetherUS BINANCE:SOLUSDT OmidBK2003 Following the sharp decline in the market, we saw a tremendous price correction from Solana . The green area is a low risk area for […]

Trading View March 5, 2022

BTC, Returned to the broken daily downtrend

BTC, Returned to the broken daily downtrend Bitcoin / TetherUS BINANCE:BTCUSDT amirjsjs After the brakeout of the downtrend, we saw a small uptrend to the specified resistance area And in the resistance area , we […]