Yesterday I made an analysis on Bitcoin, where I made a point, that BTC is in a Falling wedge. And it was on point!
https://www.tradingview.com/chart/BTCUSDT/uAUVCqeE-Bitcoin-Bulls-are-Back-in-Action/
Today, we are still in the same uptrend channel, with another try to break from this uptrend channel with a bull flag formation.
I expect the price to retest $10.800.
A real breakout volume is expected, when 4H RSI goes above 60.
Little bit about 4H.
MACD buying wave.
RSI making higher lows.
About to give a buy signal.. hopefully, volume expected.
From 4H perspective it looks like we are in a bull flag and retest of EMA's and the bottom of this flag is possible $10.620.
Lot of bullish aspects can be also seen on the current 2h Chart.
Daily analysis maybe tommorow if I get a hold of it, but more likely on monday.
Get into some Altcoins for the weekend, and have a good rest of your weekend, it's my b-day today so going to party a bit haha..
Tibor
https://www.tradingview.com/chart/BTCUSDT/uAUVCqeE-Bitcoin-Bulls-are-Back-in-Action/
Today, we are still in the same uptrend channel, with another try to break from this uptrend channel with a bull flag formation.
I expect the price to retest $10.800.
A real breakout volume is expected, when 4H RSI goes above 60.
Little bit about 4H.
MACD buying wave.
RSI making higher lows.
About to give a buy signal.. hopefully, volume expected.
From 4H perspective it looks like we are in a bull flag and retest of EMA's and the bottom of this flag is possible $10.620.
Lot of bullish aspects can be also seen on the current 2h Chart.
Daily analysis maybe tommorow if I get a hold of it, but more likely on monday.
Get into some Altcoins for the weekend, and have a good rest of your weekend, it's my b-day today so going to party a bit haha..
Tibor
Note
I expected the price to retest $10.800, which was the top of this bull flag move, which has failed and the price broke down from uptrend channel, no big deal.First major support $10.620 held really well and I expect another test of $10.800.
Note
Bitcoin remain's bullish as it's posting higher lows. Current resistance is $10.800, current support $10.670 
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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.