1- Positive RSI divergence
2- Price retested the major downtrend line twice
3- Beautiful hammer candle on weekly and more clear on daily + bullish engulfing next Daily Candle
4- Price rejected from 61.8% fib retracement of the latest move
5- Mega descending triangle on weekly with strong breakout and retest and bring the BTC to target price between 47Kand 52K
Happy trading :)
2- Price retested the major downtrend line twice
3- Beautiful hammer candle on weekly and more clear on daily + bullish engulfing next Daily Candle
4- Price rejected from 61.8% fib retracement of the latest move
5- Mega descending triangle on weekly with strong breakout and retest and bring the BTC to target price between 47Kand 52K
Happy trading :)
Note
Sorry traders it is wedge NOT a triangleNote
Thanks for 25K zone which validate the trend continuation
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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.