BTC/USD - 4H Chart - Bullish Trend
Updated
Dear Viewers,
Just a little update on today's BTC 4 Hour Chart.
BTC broke through the 10k resistance level like a hot knife through butter, and we now have 2 available options:
Option 1: This Bullish trend continues, the RSI still has enough room to grow even more so that's not an issue here. If this trend continue we should see the green dotted triangle fill it self up, which also means that we should see an encounter with our next resistance level: 10,700$.
Option 2: This Bullish trend stops, and BTC stays inside of that yellow dotted triangle, which will mean that BTC will go under 10k again, something we don't want. Hopefully the 10k support level will hold.
Let's keep an eye on the charts, we should have our answer within 24hours.
Even if we have a Bullish trend going on here (RSI above 50, MACD Crossed upwards, good momentum), I will stay Neutral for now. Once option 1 or 2 gets a head, we will know what trend we are actually in.
Thanks for reviewing my analysis, don't forget to follow me and to leave behind any comments on what you think about this.
Raw_Blitz out.
Just a little update on today's BTC 4 Hour Chart.
BTC broke through the 10k resistance level like a hot knife through butter, and we now have 2 available options:
Option 1: This Bullish trend continues, the RSI still has enough room to grow even more so that's not an issue here. If this trend continue we should see the green dotted triangle fill it self up, which also means that we should see an encounter with our next resistance level: 10,700$.
Option 2: This Bullish trend stops, and BTC stays inside of that yellow dotted triangle, which will mean that BTC will go under 10k again, something we don't want. Hopefully the 10k support level will hold.
Let's keep an eye on the charts, we should have our answer within 24hours.
Even if we have a Bullish trend going on here (RSI above 50, MACD Crossed upwards, good momentum), I will stay Neutral for now. Once option 1 or 2 gets a head, we will know what trend we are actually in.
Thanks for reviewing my analysis, don't forget to follow me and to leave behind any comments on what you think about this.
Raw_Blitz out.
Trade closed: target reached
BTC got out of the yellow dotted triangle, and followed the green dotted triangle by going through the 10k resistance.BTC is still going strong towards the VIRL !!!
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