Good Day my fellow traders! BTCUSD pair has broken out of it's falling wedge pattern and is currently back testing its previous resistance. As I stated before, this was a bullish pattern and BTC also had a bullish cci divergence on the 4 hour. Current target will be $33k if Sir Bitcoin bounces of its current price level.
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
Note
BTCUSD is currently building upward momentum pressure. Currently there's a small bullish divergence on the chart...in addition a bullish cross-over attempt on the stoch rsi. I expect another retest of $31.9. Either a break-thru or another rejection. Thus far resistance has turned into support...still bullish. :-)Note
Quick Update:Note
The wedge has broken down...
27K pricing is the target.Note
Fake out break...strong reversal with vol...$33k-$34K Target.Trade closed: target reached
TARGET OF $33K HAS BEEN REACHED...TRADED CLOSE
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.
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.