🔥 Bitcoin Resuming Trend After Healthy Correction
Updated
A while ago I made two analyses on BTC and the healthy correctional phase we were in. See below.
As expected, BTC has been trading sideways since then. Additionally, a triangle pattern had emerged on the chart. As of the last hour or so, BTC saw a strong green candle signaling the break out of this triangle.
If BTC manages to hold this trend, we might see the start of a new bullish trend which can finally take us up to 50k.
Happy trading!
As expected, BTC has been trading sideways since then. Additionally, a triangle pattern had emerged on the chart. As of the last hour or so, BTC saw a strong green candle signaling the break out of this triangle.
If BTC manages to hold this trend, we might see the start of a new bullish trend which can finally take us up to 50k.
Happy trading!
Note
Keep an eye on the candle close. If we close below the resistance the break-out is invalidated.Note
Bullish break-out invalidated. Triangle pattern still intact.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.