Hello traders!
I have been recently watching the Bitcoin chart and I am bullish at the moment.
We can see a falling wedge and a double bottom, both bullish patterns. There is still a long way to go and we could see another leg down to 6k but i don't think that we are going lower than that. I see a lot of people calling 2-3k, and when a lot of people call that, it's probably not going to happen.
Using Ichimoku, we can see that Kijun (the brown line) acted as a resistance, and it could keep acting like this if we get close to it. To be extremely bullish we should overcome the falling wedge and the Kijun support.
I would stop being bullish if the falling wedge and double bottom get invalidated.
- THIS IS NOT FINANCIAL ADIVCE -
I have been recently watching the Bitcoin chart and I am bullish at the moment.
We can see a falling wedge and a double bottom, both bullish patterns. There is still a long way to go and we could see another leg down to 6k but i don't think that we are going lower than that. I see a lot of people calling 2-3k, and when a lot of people call that, it's probably not going to happen.
Using Ichimoku, we can see that Kijun (the brown line) acted as a resistance, and it could keep acting like this if we get close to it. To be extremely bullish we should overcome the falling wedge and the Kijun support.
I would stop being bullish if the falling wedge and double bottom get invalidated.
- THIS IS NOT FINANCIAL ADIVCE -
Trade active
Bullish pennant in the 4h chart. If we can't break the 9k resistance after breaking the pennant I see most likely a retrace to 8.4k
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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.