Bitcoin / TetherUSUpdated BTC is on the wedge
Hi everyone
BTC price is going to keep squeezing with lower highs and higher lows to form a wedge. so more consolidation is expected even for days coming.
on the weekly time frame the price is on the cloud meaning more sideways. the lagging span confirms that, both on weekly and 4H time frames.
on the other hand on daily chart we see the BTC is extremely bullish. so to me as far as the consolidation takes more longer, I would convinced
for more bulls coming although we could have a little correction before huge storm coming. let's see what would happen next week.
RSI and ROC are almost positive in time frames (4H,daily and weekly). stay tuned for next update
As a trader I have to get ready for any situation. stay safe
Enjoy the market
BTC price is going to keep squeezing with lower highs and higher lows to form a wedge. so more consolidation is expected even for days coming.
on the weekly time frame the price is on the cloud meaning more sideways. the lagging span confirms that, both on weekly and 4H time frames.
on the other hand on daily chart we see the BTC is extremely bullish. so to me as far as the consolidation takes more longer, I would convinced
for more bulls coming although we could have a little correction before huge storm coming. let's see what would happen next week.
RSI and ROC are almost positive in time frames (4H,daily and weekly). stay tuned for next update
As a trader I have to get ready for any situation. stay safe
Enjoy the market
Note
if the price can't overcome our channel upward. it will decline to hit the daily trend line (yellow line).the net volume and MACD show low strength to keep upward.
Note
BTC really needs to correct itself if wants to remain bullish. soon or late it will happen but be cautious. may rally to 10500 before decline
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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.
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.