As of right now 
BTC is still in the triangle formation while 
ETH has broken upward. This is a symmetricall triangle so im expecting a breakout in the upward direction, in the same way the trend was moving.
Ive been watching the 50MA and 200MA very closely especially on the 4hr and 1D, and the Bearish Cross has been denied thus far. This is a great bullish sign and it could keep the trend moving in a bullish direction.
Im expecting a test and possible break of 10k, just so that it can retest resistance at the top of the daily trend line. And ill be watching closely and reacting in the meantime
BTC is still in the triangle formation while ETH has broken upward. This is a symmetricall triangle so im expecting a breakout in the upward direction, in the same way the trend was moving. Ive been watching the 50MA and 200MA very closely especially on the 4hr and 1D, and the Bearish Cross has been denied thus far. This is a great bullish sign and it could keep the trend moving in a bullish direction.
Im expecting a test and possible break of 10k, just so that it can retest resistance at the top of the daily trend line. And ill be watching closely and reacting in the meantime
Note
BTC has touched the resistance line of the triangle shape. It has also denied the 50/200 MA crossover which would have put it into a bear market.
This is a bullish sign. I will like at higher time frames for a target price
Note
Beautiful breakout to 10k. now I'm expecting a big reversal. Check out latest post.
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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.