BitcoinAtualizado BTC/USD: The Small Time Frame Breakout That Everyone's Watching
Symmetrical triangle building on the BTCUSD Hourly charts (1, 4 & 6) entering the second day with expiry in the next 12 hours. Chart is a 4-hour. Current scenarios:
A) Breakout north above the resistance level of $6,800 after initial rejection. (Likely)
Note: This level has acted as strong resistance for nearly 4 weeks.
B) Breakout south bouncing off the support level of $6,250.
Note: This would create a head & shoulders pattern on the Daily charts. (Unlikely)
C) Breakout south crashing through $6,250, $6,000 as well as $5,750 with a target of $5.3-5.4K.
Note: This would signal the continuation of down trend. (Likely)
Summary: Neutral playing field.
Daily RSI: 50
Risk: Very high
Reward: Medium
BTCUSD Hourly charts (1, 4 & 6) entering the second day with expiry in the next 12 hours. Chart is a 4-hour. Current scenarios:A) Breakout north above the resistance level of $6,800 after initial rejection. (Likely)
Note: This level has acted as strong resistance for nearly 4 weeks.
B) Breakout south bouncing off the support level of $6,250.
Note: This would create a head & shoulders pattern on the Daily charts. (Unlikely)
C) Breakout south crashing through $6,250, $6,000 as well as $5,750 with a target of $5.3-5.4K.
Note: This would signal the continuation of down trend. (Likely)
Summary: Neutral playing field.
Daily RSI: 50
Risk: Very high
Reward: Medium
Trade ativo
Currently following Pattern A. Feeling more bullish but considering the price may fall into Pattern B before continuing upwards. Expecting continued rejection at $6,800.
Aviso legal
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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.