Search the Community

BTC / USD analysis 20-12-2020 This is my analysis of the recent movements of the cryptocurrency Bitcoin .. The analysis was done on the MetaTrader program . Given the perspective of the 4-hour timeframe, recent events, and the current formative shape ... and where is the market supposed to have its destinations ?.. There is a strong uptrend and an explosion in the price to the upside, and this excessive exponential explosion in prices appeared to the upside in the recent period without enough confirmations !.. In my opinion, the price needs to fall below the point of $ 20,000 to confirm before it rises ... or that the current bullish explosion will be temporary and will not last.. and will go down to normal levels . The extension of the main trend channel is still activated despite its breach to form an ascending triangle. The breach of the channel activated the main target at $ 25,000, as shown on the second chart .