Updated
BTC 4h follow up
Follow up idea, see related ideas.
after the breakout from blue triangle, the 5400 local top could be projected as parallel channel (blue) from the local lows of the triangle.
So expect support at
- 5140 (red) resistance to support
- 5000 double bottom
- 4900 lower channel line
expect resistance at
- 5300 (purple trendline)
- 5400 double top
after the breakout from blue triangle, the 5400 local top could be projected as parallel channel (blue) from the local lows of the triangle.
So expect support at
- 5140 (red) resistance to support
- 5000 double bottom
- 4900 lower channel line
expect resistance at
- 5300 (purple trendline)
- 5400 double top
Note
daily chart. too many possible paths Note
first resistance hitNote
seems like resistance is broken, target 5400~Note
huobi has a bit different chart Trade closed: target reached
completed :)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.