BTC has been trending downward for over a month, the price decline has been linked to Asian traders activity.
Anyway, If you take a look at the BTCUSD chart, the price is a forming a cup and handle pattern on the Daily and Weekly T/F, price is finding a support to continue the rally, and finish forming the handle.
On the 4H T/F, the price has been ranging for the past few weeks, the price now broke out of the range, and a downward trendline on the Daily T/F is also broken giving us more confirmation to Long BTC.
ROAD TO $100K!!
If this happens, Then Altcoins would go up!
The financial market is very risky, always trade what you can afford to loose, and always remember, this is not a financial advice, everybody could be wrong in this market. This is for educational purpose Only.
Anyway, If you take a look at the BTCUSD chart, the price is a forming a cup and handle pattern on the Daily and Weekly T/F, price is finding a support to continue the rally, and finish forming the handle.
On the 4H T/F, the price has been ranging for the past few weeks, the price now broke out of the range, and a downward trendline on the Daily T/F is also broken giving us more confirmation to Long BTC.
ROAD TO $100K!!
If this happens, Then Altcoins would go up!
The financial market is very risky, always trade what you can afford to loose, and always remember, this is not a financial advice, everybody could be wrong in this market. This is for educational purpose Only.
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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.
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.