POSSIBLE SYMMETRICAL WEDGE PATTERN
Pattern on 12 and 4 hour charts is best for this after you zoom in.
I used gaussian channel on this chart.
We are looking to have a major consolidation area past 20-23 days on btc.
In the next day or two I believe the breakout will be a Bullish Breakout, but the next 8-12 hours on BTC is critical, as the bearish breakout might occur.
29200-29300 is the resistance area that BTC need to break and move out of this area,
We had a decending wedge around March 13th, and it did break down, before a huge reversal going up and trading above 27k.
We are pushing green still on weekly candle. As last week was Red, which was normal.
IF you add the RSI at botom you will see that we are slowly crawling up towards 65.
On MACD we just entered the postive side and use 8hour charts to see this. On Daiy charts you will also see that the RSI has broke that resistance, which leads me to believe we will continue to getting good higher highs and higher lows on chart.
On 12 hour chart we have only gone into the red once since beggining of Jan 2023.
4 hour shows 3.
Enjoy lets break through this upwards resistance.
BTCUSDT
I used gaussian channel on this chart.
We are looking to have a major consolidation area past 20-23 days on btc.
In the next day or two I believe the breakout will be a Bullish Breakout, but the next 8-12 hours on BTC is critical, as the bearish breakout might occur.
29200-29300 is the resistance area that BTC need to break and move out of this area,
We had a decending wedge around March 13th, and it did break down, before a huge reversal going up and trading above 27k.
We are pushing green still on weekly candle. As last week was Red, which was normal.
IF you add the RSI at botom you will see that we are slowly crawling up towards 65.
On MACD we just entered the postive side and use 8hour charts to see this. On Daiy charts you will also see that the RSI has broke that resistance, which leads me to believe we will continue to getting good higher highs and higher lows on chart.
On 12 hour chart we have only gone into the red once since beggining of Jan 2023.
4 hour shows 3.
Enjoy lets break through this upwards resistance.
BTCUSDT 
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.