Hello everybody,
This is just a quick update on BTC price.
It seems that BTC has found local support at 18.500-18600 area from where it recently bounced and now is forming a bullish triangle. Looks like that the move to the upside is coming in next days! In favor to this we can also see bullish divergence on RSI which is around 50 at the moment.
If BTC breaks the triangle to the upside it is very likely that it will come to the ATH very fast.
However, it is important to consider that many institutions, miners and generally all crypto hodlers will be waiting for BTC to approach 20.000 mark so they can cash out for some profits.
If BTC breaks triangle to the downside it is likely that we will see BTC price around 16xx area.
In my opinion the best trading plan now will be to wait and see where the price will break first and place trades accordingly.
If you like the analysis and want more on regular basis, please follow, like and comment. I will appreciate it!
Thank You all very much.
With love,
Alisa
This is just a quick update on BTC price.
It seems that BTC has found local support at 18.500-18600 area from where it recently bounced and now is forming a bullish triangle. Looks like that the move to the upside is coming in next days! In favor to this we can also see bullish divergence on RSI which is around 50 at the moment.
If BTC breaks the triangle to the upside it is very likely that it will come to the ATH very fast.
However, it is important to consider that many institutions, miners and generally all crypto hodlers will be waiting for BTC to approach 20.000 mark so they can cash out for some profits.
If BTC breaks triangle to the downside it is likely that we will see BTC price around 16xx area.
In my opinion the best trading plan now will be to wait and see where the price will break first and place trades accordingly.
If you like the analysis and want more on regular basis, please follow, like and comment. I will appreciate it!
Thank You all very much.
With love,
Alisa
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.