joshimandar1

joshimandar1

Looks like symmetrical triangle breaking out on 4h timeframe. Just my opinion.

joshimandar1

If TRACBTC breakout from here it will be huge. But it has a tendency to move very differently to other crypto.

joshimandar1

If 4 Hr candle closes below blue line, that will create a Lower Low.

joshimandar1

BTCUSD tested 0.78 Fib. Hope to continue upwards. Hope because BTC does not look that strong as the previous ATH run. There is resistance around R2 (51.8K), R3(53.3K), R4(55.1K) to go through. Just my opinion. Not a trade idea.

joshimandar1

If this plays out, BTC can move up to 54k provided it can overcome strong resistance area of 50k-51k.