HI, this is NEXGEN Investment.
BTC is experiencing a price adjustment after the Tether issue on Bitfinex exchange. Now BTC is forming specific patterns.
The patterns are Falling wedge and bullish pennant.
Completion of both patterns is bullish movement.
Trading volume is an essential factor in both patterns.
The Trading volume must be decreasing as the price decreases.
On top of that, there is HIdden Bullish Divergence. If the price does not drop to $ 6300, HIdden Bullish Divergence will at least lead the price to bounce from the drop.
It is essential to look at the resistance line and see if the breakout happens along with the sufficient trading volume. The trading volume must be huge enough to tell the pattern has completed.
Trading Setup
Green - EP
SkyBlue - TP
Red - SL
Thanks. Have a wonderful Friday and Weekend!
BTC is experiencing a price adjustment after the Tether issue on Bitfinex exchange. Now BTC is forming specific patterns.
The patterns are Falling wedge and bullish pennant.
Completion of both patterns is bullish movement.
Trading volume is an essential factor in both patterns.
The Trading volume must be decreasing as the price decreases.
On top of that, there is HIdden Bullish Divergence. If the price does not drop to $ 6300, HIdden Bullish Divergence will at least lead the price to bounce from the drop.
It is essential to look at the resistance line and see if the breakout happens along with the sufficient trading volume. The trading volume must be huge enough to tell the pattern has completed.
Trading Setup
Green - EP
SkyBlue - TP
Red - SL
Thanks. Have a wonderful Friday and Weekend!
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.