BitcoinUpdated BTC - looking for pattern confirmation
BTC - scruffy chart update. Square up candle completed (purple dotted horizontal), looking for confirmation of either rising channel (dark blue), or larger broadening wedge (purple solid) .
RSI corrected out well at 4 hour but has returned to previous levels on the lower timeframes. Looking for a sideways movement here to allow further room to go up.
RSI corrected out well at 4 hour but has returned to previous levels on the lower timeframes. Looking for a sideways movement here to allow further room to go up.
Note
Broadening wedge broke out. Channel still valid along with some other smaller patterns (refer chart).Watching this ascending triangle (bullish) in the larger channel/rising wedge (bearish). Next move a possible pop up to the top of the wedge at around 77. Recent red candles are a bit bigger than I'd like but seem to be weakening.
Note
This is slightly more nerve-wracking - cloud thicker than I'd like. If we don't get the buying interest to break the triangle, channel, and cloud in one go, we may see a retrace around the bottom of the cloud again. Note
Forgot to put that on first update oops!
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Come say hi @elisa_crypto on twitter!
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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.