BTC - Upward Breakout almost likely.
Updated
BTC is trading in a tight channel for quite a while now.
On 4H chart, BTC price is very close to the top side of symmetrical triangle and on balance volume is also rising. It seems like On balance Volume is about to breakout of short term downtrend and most likely it will be confirmed in next 4-8 hours, indicating bullish momentum.
I will keep updating this idea as things become clearer.
Thanks.
Please comment/like if you think this idea is helpful.
Best Luck!!
On 4H chart, BTC price is very close to the top side of symmetrical triangle and on balance volume is also rising. It seems like On balance Volume is about to breakout of short term downtrend and most likely it will be confirmed in next 4-8 hours, indicating bullish momentum.
I will keep updating this idea as things become clearer.
Thanks.
Please comment/like if you think this idea is helpful.
Best Luck!!
Comment
Trade is moving as expected. Wait for re-test for an entryComment
Imo, breakout appears to be already occurred. OBV bounced from long term support line. and Stoch is continuing upward move.
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.