BitcoinLong
BTC Bullish Update
Hallo everyone, i hope you happy today 😁
Now BTC / USD is in flag pattern for almost 1 month.
Technical Analysis
There are 2 scenarios here :
1. BTC broke EMA 21 today, it means can go back to FIBO 0.5 + EMA 55 or it can go lower to FIBO 0.618 + horizontal/classic support + MA 100 (supports mapped using red lines). After this retracement, BTC can comeback stronger and reach the target that mapped using violet lines, there are bearish regular divergences in Stochastic, RSI and MACD that makes this scenario have higher potential than scenario 2
2. BTC will bounce again after hit the channel support(red line) and reach the target very soon.
Did you agree?
Please comment if you have thoughts
Now BTC / USD is in flag pattern for almost 1 month.
Technical Analysis
There are 2 scenarios here :
1. BTC broke EMA 21 today, it means can go back to FIBO 0.5 + EMA 55 or it can go lower to FIBO 0.618 + horizontal/classic support + MA 100 (supports mapped using red lines). After this retracement, BTC can comeback stronger and reach the target that mapped using violet lines, there are bearish regular divergences in Stochastic, RSI and MACD that makes this scenario have higher potential than scenario 2
2. BTC will bounce again after hit the channel support(red line) and reach the target very soon.
Did you agree?
Please comment if you have thoughts
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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.
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.