BTC Bitcoin: 1D Chart Update
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD), a cryptocurrency.
The chart is self-explanatory. Bitcoin has the potential to move up with the RSI about to cross a key area. Stochastic RSI is oversold however it has the potential to stay in that region as shown in the prior periods. VPVR (Volume Profile) shows a key area of resistance in the same area of the Fibonacci Golden Pocket range (0.618-0.65). If price begins to move lower, keep an eye on the Danger Zone Support Line.
Shown: Ichimoku Clouds, RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Extension, Volume Profile (VPVR), Support and Resistance Trendline, and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
The chart is self-explanatory. Bitcoin has the potential to move up with the RSI about to cross a key area. Stochastic RSI is oversold however it has the potential to stay in that region as shown in the prior periods. VPVR (Volume Profile) shows a key area of resistance in the same area of the Fibonacci Golden Pocket range (0.618-0.65). If price begins to move lower, keep an eye on the Danger Zone Support Line.
Shown: Ichimoku Clouds, RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Extension, Volume Profile (VPVR), Support and Resistance Trendline, and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
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