A look at the 4hr chart for BTC shows the multiple touch points of a symmetrical triangle for BTC , something of a breather from the recent mad run. On the 4 hour chart, the RSI looks decent. forming higher lows, and the 50 length MA is approaching the 200 day MA, lining up for a potential golden cross.
Closing in on a 1 hour view for a bit more detail, the 0.236 Fibonacci retracement seems to be holding strong for the last few candles, indicating support here. There has already been a golden cross on the 1 hour, indicating that momentum will continue to push towards a golden cross on the 4 hour. If this support holds, we could see a breakout of the long term trend positively around the end of April, which could lead to a good run going forwards.
Closing in on a 1 hour view for a bit more detail, the 0.236 Fibonacci retracement seems to be holding strong for the last few candles, indicating support here. There has already been a golden cross on the 1 hour, indicating that momentum will continue to push towards a golden cross on the 4 hour. If this support holds, we could see a breakout of the long term trend positively around the end of April, which could lead to a good run going forwards.
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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.