BTC finally broken up above triangle.

Higher low and higher high set on the 4 hrly.

Wait for retest of the top of the triangle as support for confirmation.

BTC had already retested the 61.8% Fib retracement level at ~30k USD.

Next level to look out for is the 38.2% Fib retracement level (@ ~43.6k USD), followed by the 23.6% Fib retracement level (@ ~51.8k USD).

Continued analysis from:

RSI and Stoch(RSI) regular bullish divergence on the daily.

MACD indicators bullish on the daily.

MA lines legend:
Red = 21 EMA
Green = 50 SMA
Thick Orange = 200 SMA
Thin Orange = 200 VWMA

Nota

Daily-close confirmation. No volume confirmation yet.
However the consolidation exhibited dominant accumulation-like characteristic/patterns on the lower time frames.

Nota

6hrly Chart:

Nota

Caution Death cross on the daily looming:

MA crosses are lagging indicators, however it being imminent will provide some downward pressure. However the impending death cross may also catalyze a short-squeeze bounce, as excessive shorts builds up in anticipation of the event..

Nota

Bouncing off support:

Nota

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Penafian

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