BTC has successfully broken out of the downtrend channel by breaching (and closing above) the major downtrend line.
When these breakouts happen, usually the price retests the newly broken resistance to try it as a support.
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First target: 11790 (previous local top)
11790 is also a starting point for a stronger resistance zone (11790-12376), and it's likely that a retrace might happen from somewhere within that resistance zone.
Once (and if) that resistance zone gets cleared, and BTC manages to go through it, we can look up to higher targets.
When these breakouts happen, usually the price retests the newly broken resistance to try it as a support.
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- Either it doesn't hold, then it turns into a fakeout and price goes back to revisit the lows, or...
- The new support holds, then it creates a nice structure to build upon when going for the new highs (in our situation it looks like we've got this scenario, which is a very good sign)
First target: 11790 (previous local top)
11790 is also a starting point for a stronger resistance zone (11790-12376), and it's likely that a retrace might happen from somewhere within that resistance zone.
Once (and if) that resistance zone gets cleared, and BTC manages to go through it, we can look up to higher targets.
Nota
Looks like a rising wedge is being broken. We might have a retrace to 10800.Nota
If this candle doesn't close inside the wedge (above the current resistance line), it should be an easy short to 10800 from here.Textbook breaking down from rising wedge, then retesting the wedge as a resistance one more time before finally falling down.
Dagangan ditutup: sasaran tercapai
Both (bullish and bearish) targets reached. Now we wait and see if BTC can bounce from one of the fib retracement lines.
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.