At last, after 3 months in accumulation, BTC broke the resistance at $45k.
In 4H LTF, volume follow the price with a break above the MA.
As for the 1D MTF, I am bit ‘worried’. Volume is relatively low.
Price action will confirm or not the breakout. We will see, in the next hours or days.
If $45k level will be tested as support, price may return for a short period of time (days) in the previous range. Don’t panic, it’s normal.
Not financial advice. Investing is a probability game. Always do your own research.
In 4H LTF, volume follow the price with a break above the MA.
As for the 1D MTF, I am bit ‘worried’. Volume is relatively low.
Price action will confirm or not the breakout. We will see, in the next hours or days.
If $45k level will be tested as support, price may return for a short period of time (days) in the previous range. Don’t panic, it’s normal.
Not financial advice. Investing is a probability game. Always do your own research.
Note
Check the update below.
Note
One more update:
Trade closed: target reached
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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.
Related publications
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.