Here's a quick look a BTC 4 hr chart. As we can see, the price is in a bigger falling wedge. Alongside the falling wedge, the price is also in a bigger symmetrical triangle. For the moment being, the price is getting rejected by the bigger falling wedge. When the price break the falling wedge, we might as well see a break above the symmetrical triangle.
The most important thing to break here is the resistance zone at 42k. If we break the 42k level and hold above it, that'll be a very bullish sign as we then will be above the 200 daily EMA.
Tomorrow, Monday, should be interesting, We might see a bigger move!
The most important thing to break here is the resistance zone at 42k. If we break the 42k level and hold above it, that'll be a very bullish sign as we then will be above the 200 daily EMA.
Tomorrow, Monday, should be interesting, We might see a bigger move!
Trade active
1 hr chart - doesn't look bad at all!
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🎖Telegram:
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t.me/MBM_786kr 🎖
📩 Interested in our Premium Group?
DM @MBM786kr on telegram for full details!
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.