Here we can see a "bullish rectangle" pattern on the 4 hours time frame. In my long term analysis we saw different reasons why Bitcoin might break up rather than down in the upcoming breakout. Here we have some other bullish signals for short term.
This pattern will fail if we break down and close below $6560.
Next target is $6650 followed by $6700 and $6800. This is a short term analysis.
- We are trading above EMA200.
- EMA10 crossed-up EMA50, a bullish signal.
- We are looking bullish short term.
Share your opinion in the comments section below.
If you enjoyed this post, please like, share, comment and follow.
Your support is highly appreciated.
Namaste.
This pattern will fail if we break down and close below $6560.
Next target is $6650 followed by $6700 and $6800. This is a short term analysis.
- We are trading above EMA200.
- EMA10 crossed-up EMA50, a bullish signal.
- We are looking bullish short term.
Share your opinion in the comments section below.
If you enjoyed this post, please like, share, comment and follow.
Your support is highly appreciated.
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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.