BTC 1H - BULLISH TREND CONTINUATION
# BTC managed to make a breakout and got out of a long period of consolidation. Bullish trend remains intact after successfully avoided a free-fall zone below SMMA 200 on the daily chart (see previous analysis).
# The idea is to enter a long position during formation of possible higher low with 10490 as initial target. There is a small bearish divergence on the RSI indicator to support this idea.
# If the price successfully formed a higher low, this will further strengthen the possibility of making another higher high. This action will complete an ascending triangle.
DYOR Always
# The idea is to enter a long position during formation of possible higher low with 10490 as initial target. There is a small bearish divergence on the RSI indicator to support this idea.
# If the price successfully formed a higher low, this will further strengthen the possibility of making another higher high. This action will complete an ascending triangle.
DYOR Always
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.