Bitcoin 12HR chart is looking quite interesting:
-Hidden bull div on 3 separate indicators
-Possible downtrend channel
-Possible triangle forming
Watch for a close above 3714 as confirmation of end of this current downtrend.
If we break the downtrend or horizontal support then check my weekly overview for possible scenarios
-Hidden bull div on 3 separate indicators
-Possible downtrend channel
-Possible triangle forming
Watch for a close above 3714 as confirmation of end of this current downtrend.
If we break the downtrend or horizontal support then check my weekly overview for possible scenarios
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Weekly overview with labels:12HR overview with labels:
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Missing chart from above comment:(weekly overview with labels)
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The triangle pattern looking invalid now.We are still sitting on a support of a descending channel, if BTC holds 3500 we could push up to the top of the channel, Bull div is there.
meanwhile a break under the support and we are looking towards 3k again.
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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.