BTC have broken above the 200 SMA (thick orange line) on the daily, now at the 7th consecutive bullish candle.
Ichimoku cloud flipping green as well.
Next VPVR resistance level at ca 23k USD.
Expect a retest of the range (19.5k~20kUSD) where the 200 SMA presently sits.
Ichimoku cloud flipping green as well.
Next VPVR resistance level at ca 23k USD.
Expect a retest of the range (19.5k~20kUSD) where the 200 SMA presently sits.
Note
Inverse "Head and Shoulder"-like momentum reversal pattern.BTC is now above the 4hrly 200 SMA. Measured move as indicated by the green arrow.
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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.