Hi everyone,
Here are some thoughts on BTC after it's recent activity.
Note 1
Ascending triangle is a nice bullish pattern which can sometimes signal the reversal of a downtrend. It is also hitting the .618 fibonnacci level of a 1-month and a 1-year measurement. If it can get over the 8172 mark and sustain that level, the upward trend will continue.
Note 2
The downward trendline from the beginning of Jan was finally broken and sustained. This is another good reversal sign.
Thanks for reading. Please like and follow if you find value.
*** The ideas posted here are not a recommendation to buy or sell cryptocurrency. ***
*** The posts are for educational purposes only. ***
Here are some thoughts on BTC after it's recent activity.
Note 1
Ascending triangle is a nice bullish pattern which can sometimes signal the reversal of a downtrend. It is also hitting the .618 fibonnacci level of a 1-month and a 1-year measurement. If it can get over the 8172 mark and sustain that level, the upward trend will continue.
Note 2
The downward trendline from the beginning of Jan was finally broken and sustained. This is another good reversal sign.
Thanks for reading. Please like and follow if you find value.
*** The ideas posted here are not a recommendation to buy or sell cryptocurrency. ***
*** The posts are for educational purposes only. ***
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.