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
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.
Price Finder Indicator Quick Start: bit.ly/phinktrade_pricefinder_qs2
Telegram Channel: bit.ly/phinktrade_tc
Twitter: bit.ly/phinktrade_tw
Telegram Channel: bit.ly/phinktrade_tc
Twitter: bit.ly/phinktrade_tw
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.