BTCUSD is testing the downtrend log resistance for the 4th time while making an edge to edge move within the 12hr cloud. Hourly RSI calls for a pullback to the support of the ascending triangle structure. This setup is very bullish and will give people a couple more hours to jump in before the rally.
Trade closed: target reached
Target hit: Looking for a pullback to about 8230 support to fill a right shoulder. We finally broke downtrend resistance which is VERY BULLISH!
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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.