Bitcoin Technical Analysis

in #crypto5 years ago

#Bitcoin Technical Analysis


Summary

As you can see in the chart with the volume profile we have 3 large liquid areas with trading volume.
The 8k area where we are, the 6k area and the 3k area

Daily Time Frame

We have a chartist structure of descending channel and as you can see in the image the levels are respected

4h Time Frame

In smaller time frames, we can observe the level-by-level distribution, and that we are now at the highest volume point of the last 365 days.

1h Time Frame

Personally I think that the $ 7300 area could be retested, before starting to draw a new pattern.

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Thanks for watching !!