Bullishness is strong, but should meet resistance soon
BTCUSD smaller time-frames are in full uptrend, as can be clearly seen by the fan shape of 72 min averages. Still, medium (and larger) TF''s remain in a consolidation structure.
A relevant resistance (blue average on 305 mins) has been breached, making way to the next one, grey, at around 8.6k (Bistamp).
This suggest a correction is likely to happen from around that level, afterwards.
Potential attention areas are depicted in chart.
PLEASE NOTE: Make your own research and decisions before entering and exiting a trade. This material is educational only.
Attention to:
Trade wisely. Stay in the game.
PhinkTrade
A relevant resistance (blue average on 305 mins) has been breached, making way to the next one, grey, at around 8.6k (Bistamp).
This suggest a correction is likely to happen from around that level, afterwards.
Potential attention areas are depicted in chart.
PLEASE NOTE: Make your own research and decisions before entering and exiting a trade. This material is educational only.
Attention to:
- Marked areas;
- Touch to averages and horizontal lines;
- Break of uptrend line (blue);
- Enhanced volume showing margin positions being closed on the way up, mostly longs.
Trade wisely. Stay in the game.
PhinkTrade
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Telegram Channel: bit.ly/phinktrade_tc
Twitter: bit.ly/phinktrade_tw
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