BTCUSD - BULLISH BREAKOUT FROM DESCENDING TRIANGLE!!!!
BTCUSD, 4hour TF breakout from the long consolidation descending triangle pattern.
Currently moving into an upward channel, short term price most likely going to re-test the upward channel trend line at 39.5k - 40k if any 4 hours candle close above 37.5k.
Expecting a big move today or tomorrow.
Price also closing above 21MA on 4 hours TF - strong indication on short term trend changing.
Price is also finding support at 33k area - 0.618fib, indicating a bullish conditions in short term.
Chances of price retesting 40k area are higher now.
However, in longer TF - Monthly candle, BTC still looking very bearish pattern. Expecting a huge rejection at 40k area.
Currently moving into an upward channel, short term price most likely going to re-test the upward channel trend line at 39.5k - 40k if any 4 hours candle close above 37.5k.
Expecting a big move today or tomorrow.
Price also closing above 21MA on 4 hours TF - strong indication on short term trend changing.
Price is also finding support at 33k area - 0.618fib, indicating a bullish conditions in short term.
Chances of price retesting 40k area are higher now.
However, in longer TF - Monthly candle, BTC still looking very bearish pattern. Expecting a huge rejection at 40k area.
Nota
Price move to USD 38k resistance trend line, expecting for more correction to the downside soon.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.