Bitcoin is showing some strength as off now in a 1hr time frame but is facing resistance near 37000-37250 zone.
If we take a look at a bigger time frame 4hr we can spot a symmetrical triangle pattern that indicates breakout to either side.
And this is very important to know that there is a trendline that is acting as a resistance (not mentioned in the chart) at the same resistance level mentioned above this makes it a very important level to break to keep the heat on.
It is suggested not to trade aggressively and wait for the right indication before taking any trading/investment decision.
This was a small update chart and I will try to bring more charts in the future.
Thank you for reading
happy trading.
If we take a look at a bigger time frame 4hr we can spot a symmetrical triangle pattern that indicates breakout to either side.
And this is very important to know that there is a trendline that is acting as a resistance (not mentioned in the chart) at the same resistance level mentioned above this makes it a very important level to break to keep the heat on.
It is suggested not to trade aggressively and wait for the right indication before taking any trading/investment decision.
This was a small update chart and I will try to bring more charts in the future.
Thank you for reading
happy trading.
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.
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.