I posted chart 4 hours ago when the btc is just below 93k
Price Trend:
The price broke out of a downward channel (yellow lines) at point (B) and started moving upward.
A potential bullish continuation is shown by the green arrow pointing to higher levels.
Key Levels:
Horizontal green lines indicate significant support and resistance levels.
The "monthly open" label is a reference point for the opening price of Bitcoin at the start of the current month.
Indicators:
Moving averages (colored lines) show short, medium, and long-term trends. The price is above most of these, which is bullish.
The Ichimoku Cloud (shaded area) suggests a potential shift to bullish momentum as the price moves above the cloud.
Volume:
Volume bars at the bottom indicate increased activity, which supports the upward breakout.
The price broke out of a downward channel (yellow lines) at point (B) and started moving upward.
A potential bullish continuation is shown by the green arrow pointing to higher levels.
Key Levels:
Horizontal green lines indicate significant support and resistance levels.
The "monthly open" label is a reference point for the opening price of Bitcoin at the start of the current month.
Indicators:
Moving averages (colored lines) show short, medium, and long-term trends. The price is above most of these, which is bullish.
The Ichimoku Cloud (shaded area) suggests a potential shift to bullish momentum as the price moves above the cloud.
Volume:
Volume bars at the bottom indicate increased activity, which supports the upward breakout.
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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.
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.