Parallel Channel Uptrend
Bitcoin is in a parallel channel in an uptrend on the 4h chart.
A breakout targets 50k on the dot.
A breakdown targets 38.7k, which is near middle of a support level that sits between 36.5 and 40k.
A breakout targets 50k on the dot.
A breakdown targets 38.7k, which is near middle of a support level that sits between 36.5 and 40k.
Trade active
Successful breakout on the 4h, targeting 50k give or take a bit
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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.