BTC/USD situation right now and expected movement in near future
Hi every one
Bitcoin / U.S. Dollar
in this analysis we want to see what is going to happen to BTC so let's get into it.
the first chart is showing us that there is an ascending triangle pattern with hidden bullish divergences (+HD) on both MACD and RSI indicator after the upward breakout we can see that the price has decreased so this could be a pullback to the upper line of the triangle and than continue the upward movement.
the second chart is showing us a little bit different thing. the harmonic butterfly pattern has formed in the chart which is a bearish pattern as well! another thing is that there is a regular bullish divergence (-RD) on MACD indicator which can be the reason to strengthen the bearish movement! we expect that the price decrease between the 0.618 to 0.5 line of Fibonacci and than start pumping again from that point!
Thank you for seeing idea .
Have a nice day and Good luck.
Our more recent analysis of Bitcoin :
and
Bitcoin / U.S. Dollar
in this analysis we want to see what is going to happen to BTC so let's get into it.
the first chart is showing us that there is an ascending triangle pattern with hidden bullish divergences (+HD) on both MACD and RSI indicator after the upward breakout we can see that the price has decreased so this could be a pullback to the upper line of the triangle and than continue the upward movement.
the second chart is showing us a little bit different thing. the harmonic butterfly pattern has formed in the chart which is a bearish pattern as well! another thing is that there is a regular bullish divergence (-RD) on MACD indicator which can be the reason to strengthen the bearish movement! we expect that the price decrease between the 0.618 to 0.5 line of Fibonacci and than start pumping again from that point!
Thank you for seeing idea .
Have a nice day and Good luck.
Our more recent analysis of Bitcoin :
and
📥┃Telegram:
t.me/CobraVanguard
📥┃Premium trading experience with COINCALL
coincall.com/r/47022631
📥┃Join the platform where I trade and receive up to a $500 welcome reward! coinex.com/register?refer_code=n8fmk
t.me/CobraVanguard
📥┃Premium trading experience with COINCALL
coincall.com/r/47022631
📥┃Join the platform where I trade and receive up to a $500 welcome reward! coinex.com/register?refer_code=n8fmk
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.