Bitcoin 1H Back Above $24K Short-Term
Updated
Let's zoom in and look at Bitcoin (BTCUSDT) short-term.
This is the 1H timeframe, we've zoomed onto the current consolidation pattern.
Bitcoin is likely to challenge the upper boundary of the consolidation triangle.
Note: This chart can change super-fast as this is short-term.
The short-term bullish bias remains valid above $22,100.
Going below this level and a strong bounce becomes even more likely.
Bottom line: Bitcoin is consolidating before it continues with its rise in price.
Namaste.
This is the 1H timeframe, we've zoomed onto the current consolidation pattern.
- Higher low.
- Trading above EMA300/MA200.
- 0.5 Fib. retracement holds.
- Rounding bottom.
- Divergence with the RSI.
Bitcoin is likely to challenge the upper boundary of the consolidation triangle.
Note: This chart can change super-fast as this is short-term.
The short-term bullish bias remains valid above $22,100.
Going below this level and a strong bounce becomes even more likely.
Bottom line: Bitcoin is consolidating before it continues with its rise in price.
Namaste.
Comment
This is good, we still go up...Comment
You can use the correction to rebuy and reload on your favorite pairs.
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