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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.