BTC/USD 12h chart
BTC has finally broken out of the descending channel and made a nice green candle in the range of 10%. Shortly we can expect retracement down to 46.700$, which would be a good entry point for all those who haven't make it by now.
Another good entering point for a long position would also be when we go above the orange rectangle and yellow dashed line (range of 50.000$).
On lower time frames BTC is forming a bull flag as well as a potential cup&handle formation - Both are targeting a 56.700&
BTC has finally broken out of the descending channel and made a nice green candle in the range of 10%. Shortly we can expect retracement down to 46.700$, which would be a good entry point for all those who haven't make it by now.
Another good entering point for a long position would also be when we go above the orange rectangle and yellow dashed line (range of 50.000$).
On lower time frames BTC is forming a bull flag as well as a potential cup&handle formation - Both are targeting a 56.700&
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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.
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.