BTC Breakout Soon
BTC/USD (Daily)
Bullish Case
- Possible Cup and Handle
- Seem to have found Support at approx. the
54K area which is previous resistance now turned support.
- 0.382 Fib Retrace as well from previous lows to highs
- Bounced on the bottom of the Bollinger Band which is also the54K area
- Bouncing between54K-59k, once we break $59, we should be heading towards 69k
- MACD/Signal and Histogram reversing
- Hidden Bullish Divergence between 30th Sep to 27th Nov shown on RSI & Histograms (Red Line)
Bearish Case
- VPVR shows a lot of resistance at $56-57k
- VPVR shows a lot of support at 47k
- Possible retrace to 0.618 Fib
Possible Target Zone
- Cup length from the bottom of Handle, shows
87K area which is also approx. the 0.786 extension
Thoughts?
Bullish Case
- Possible Cup and Handle
- Seem to have found Support at approx. the
54K area which is previous resistance now turned support.- 0.382 Fib Retrace as well from previous lows to highs
- Bounced on the bottom of the Bollinger Band which is also the
54K area- Bouncing between
54K-59k, once we break $59, we should be heading towards 69k- MACD/Signal and Histogram reversing
- Hidden Bullish Divergence between 30th Sep to 27th Nov shown on RSI & Histograms (Red Line)
Bearish Case
- VPVR shows a lot of resistance at $56-57k
- VPVR shows a lot of support at 47k
- Possible retrace to 0.618 Fib
Possible Target Zone
- Cup length from the bottom of Handle, shows
87K area which is also approx. the 0.786 extension Thoughts?
Nota
Bearish Case played out, will need to re-evaluateTrade ativo
Nota
Let's see if break up from this Ascending Triangle... Or is this a Bear Flag...
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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.