BTC IS READY TO GO FOR 60k, IF?
Updated
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I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
#BTC/USDT ANALYSIS
It broke out symmetrical triangle and currently trading below the horizontal resistance. MACD crossover is showing bullish momentum. We've to wait for a sustained breakout above horizontal resistance to further confirm its bullish move.
BTC need to close the daily candle above the upper level of this symmetrical triangle.
Let's see how the market reacts in few hours.
This chart is likely to help you in making better trade decisions, if it did do 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 an
#BTC/USDT ANALYSIS
It broke out symmetrical triangle and currently trading below the horizontal resistance. MACD crossover is showing bullish momentum. We've to wait for a sustained breakout above horizontal resistance to further confirm its bullish move.
BTC need to close the daily candle above the upper level of this symmetrical triangle.
Let's see how the market reacts in few hours.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Note
BTC is breaking out from a descending channel in 2hr time frame. It also made a bull flag-like structure inside the descending channel where the bull flag is already broken out. So far BTC looks strong and I'm expecting it to reach 45k-
46K resistance soon. Invalidation level:- If BTC again breaks and closes below 40.5k then this chart becomes invalid.
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