BTC/USDT is in a bullish trend on 1H. The price action is forming an Ascending Triangle and testing its rising support. The bullish bias is based on the following confluence:
Expecting bulls to push prices higher towards 50% Fib Resistance.
Sell if the Rising Support breaks till 38% Fib Support!
- Rising Support
- Bullish Hammers
- Fibonacci retracement of previous swing being respected between 50% and 38%
- Bullish Divergence on RSI
Expecting bulls to push prices higher towards 50% Fib Resistance.
Sell if the Rising Support breaks till 38% Fib Support!
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.