Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.
BTC update:-
As per my previous chart, BTC is making this symmetrical triangle pattern and currently, it is making this bullish flag pattern but for both patterns, we have to wait for breakouts.
Here we have two scenarios
First scenario: If BTC breakout this symmetrical triangle pattern with confirmation then we can expect a bounce from here.
The Second scenario: In the second scenario we can see that it is making a bearish Flag pattern but currently, it is on the support of the Lower Level of a symmetrical triangle also if it breaks this level with confirmation then we can accept a drop up to 49,400k level.
if it breaks the lower important support then the chart will become invalid.
let's see how the market reacts in a few hours.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.
BTC update:-
As per my previous chart, BTC is making this symmetrical triangle pattern and currently, it is making this bullish flag pattern but for both patterns, we have to wait for breakouts.
Here we have two scenarios
First scenario: If BTC breakout this symmetrical triangle pattern with confirmation then we can expect a bounce from here.
The Second scenario: In the second scenario we can see that it is making a bearish Flag pattern but currently, it is on the support of the Lower Level of a symmetrical triangle also if it breaks this level with confirmation then we can accept a drop up to 49,400k level.
if it breaks the lower important support then the chart will become invalid.
let's see how the market reacts in a few hours.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Note
BTC Breakout done we just need a confirmation candle.Let's see how the candle closes.
Stay tuned
Note
BTC breaks this bearish flag pattern. Looks like we are going to retest the $38.3k level but we have 39.4k as local support.If the 1-hour candle closes upside the channel then it will be good for bulls.
Let's see how the 1-hour candle closes.
Stay tuned
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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.
Register on Blofin and trade with me: bit.ly/Mojo1000
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
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.