BTC-USD 4H Exciting times ahead
Looking at the BTC-USD 4H chart, we can see another descending triangle.
The same triangle broke on the daily yesterday.
On the 1H timeframe the inversed H&S had a break-out.
A couple of thing can happen in the next couple of days.
To continue the bullish trend we need to break 36K.
If BTC rejects to break the 36K then we will probably create a new Higher Low, which will bring us back to test the 30K area.
Break out the 30K below will test the 24K area and after that the reset zone which is 19K.
Nex couple of days will tell which side BTC will choose.
The same triangle broke on the daily yesterday.
On the 1H timeframe the inversed H&S had a break-out.
A couple of thing can happen in the next couple of days.
To continue the bullish trend we need to break 36K.
If BTC rejects to break the 36K then we will probably create a new Higher Low, which will bring us back to test the 30K area.
Break out the 30K below will test the 24K area and after that the reset zone which is 19K.
Nex couple of days will tell which side BTC will choose.
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