As I always say , predicting the price mouvement in the short timeframes is very difficult. But we can spot some bullish consecutive patterns as you can see in the chart :
All patterns in the short timeframes are in favor of the trend continuation.
BTCUSD BTCUSD 
BTCUSDT BTCUSDT.P BTC1!
- Despite the war panic selling , the decline have been absorbed by the market makers.
- The recent correction follows perfectly the fibo extention ; normal correction of the recent uptrend.
- In the last minutes , strong checkmate pattern is being formed. Bullish signal.
All patterns in the short timeframes are in favor of the trend continuation.
BTCUSD BTCUSD BTCUSDT BTCUSDT.P BTC1! Trade closed: target reached
1.618 was a very strong resistance. Price needs momentum to go higher.
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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.