Bitcoin Falling Wedge on hourly. 1st target $8.2 then $9k?
BTC on the hourly chart looks promising. We have a falling wedge which is a bullish pattern.
MACD is looking bullish and RSI is showing a nice upward trend.
If there is a breakout to the upward direction, I would expect the price to test the lower upward trend line (Red) around the 0.618 fib levels which can take the price to 8.2k. If that is broken then high chances are that we might get to 9k. However if the price does not manage to break upwards, we might see a drop to 7.7k. However the first scenario looks more likely.
We are still however waiting for a breakout to determine where the price will head to.
MACD is looking bullish and RSI is showing a nice upward trend.
If there is a breakout to the upward direction, I would expect the price to test the lower upward trend line (Red) around the 0.618 fib levels which can take the price to 8.2k. If that is broken then high chances are that we might get to 9k. However if the price does not manage to break upwards, we might see a drop to 7.7k. However the first scenario looks more likely.
We are still however waiting for a breakout to determine where the price will head to.
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.