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
Dagangan aktif
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.
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.