Post
Topic
Board Speculation
Merits 6 from 4 users
Bitcoin Chart Review and Analysis
by
F_Societys
on 28/08/2020, 11:27:01 UTC
⭐ Merited by Leviathan.007 (2) ,Oshosondy (2) ,exstasie (1) ,posi (1)
Bitcoin Chart Review and Analysis

4 hour time frame
Well, in my opinion, the momentum has decreased and the strength of the downtrend is greater than the uptrend, and I think it is possible that the previous analysis, which I mentioned, will hit lower targets, and we have two important supports and resistances that can almost change the direction of the market.

Resistance 11455 Break it and close the candle for at least 4 hours. The next target is 11800
Support 11145 breakout and close at least a 4-hour candle below it. The next target is 10830 and in the long run 10400

Examine in terms of patterns and classical technical analysis
In my opinion, if 11145 breaks out, there is a possibility of forming a head and shoulder pattern, which will be in the range of 10300 in the medium term.

There is likely to be a death intersection in the 4-hour timeframe, which means a moving average of 50 breaks the average of 200, and this will be a sign of decline.

Fundamentally
Now it seems good and very positive news, which unfortunately I am afraid of the same news.
The issue of the Federal Reserve I can not trust much for my analysis

This analysis is exactly the continuation of the qibla analysis and you can study it and use it, in which we examined the possibility of ascent.

Please tell me your opinion