BTCUSD: if this is a support zone
Traders,
We have a green broken trendline for BTCUSD , suggesting that a slow rising up is more prefer for current situation.
And check this daily ( left) chart, you can see that dark blue zone is still valid as a support zone. In that case, we will consider this is the end of the corrective wave and a new main ascending wave is coming later.
Check the 4H chart, you see a trend with 5 wave just stop on the support zone, where the morning star candlesticks pattern appear few days ago. And for that rising purpose, BTCUSD need to break the blue trendline . The green wave path is what we see right now that BTCUSD could follow.
Less is more!
We have a green broken trendline for BTCUSD , suggesting that a slow rising up is more prefer for current situation.
And check this daily ( left) chart, you can see that dark blue zone is still valid as a support zone. In that case, we will consider this is the end of the corrective wave and a new main ascending wave is coming later.
Check the 4H chart, you see a trend with 5 wave just stop on the support zone, where the morning star candlesticks pattern appear few days ago. And for that rising purpose, BTCUSD need to break the blue trendline . The green wave path is what we see right now that BTCUSD could follow.
Less is more!
Komen:
Still a little be early to say bull, but keep patient on the new blue zone.
