BTC confirms the bullish breakout from bearish descending wedge formation.
In my eyes, BTC just confirmed support on the old resistance a very strong bullish move, confirming support on the resistance that kept BTC going down in recent sell-off and again putting a higher low on the support trend from the covid low.
BTC has also hit the bottom Bollinger band on the same support levels I am talking of.
The 1-month chart is set to put in yet another Higher low in a giant ascending triangle formation.
RSI is still very bullish after pulling a bullish divergence the RSI also looks set to confirm the breakout move with a higher low confirmation.
MACD has yet failed to reverse back from a bullish divergence and also shows more room to the upside is possible.
Fundi sees support for BTC has no confirmation and will set a long entry with a stop loss just below the intersection of multiple trends supports, the next region for us is $55k then $61k, at these levels, we suspect some resistance and selling pressure.
In my eyes, BTC just confirmed support on the old resistance a very strong bullish move, confirming support on the resistance that kept BTC going down in recent sell-off and again putting a higher low on the support trend from the covid low.
BTC has also hit the bottom Bollinger band on the same support levels I am talking of.
The 1-month chart is set to put in yet another Higher low in a giant ascending triangle formation.
RSI is still very bullish after pulling a bullish divergence the RSI also looks set to confirm the breakout move with a higher low confirmation.
MACD has yet failed to reverse back from a bullish divergence and also shows more room to the upside is possible.
Fundi sees support for BTC has no confirmation and will set a long entry with a stop loss just below the intersection of multiple trends supports, the next region for us is $55k then $61k, at these levels, we suspect some resistance and selling pressure.
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.