Bitcoin in a no trade zone!
Chart clearly gives a bullish pattern "Ascending triangle" which is bullish.
Bitcoin bounces hard when every time it touches the lower channel. but it failed to break or even test the upper channel for a breakout a couple days before!
Possibilities are:
1. BTC consolidates within this triangle for more of coming days.
2. BTC gains momentum and breaks the 44500 resistance and heads over to 53k zone which I marked as green.
3. Unexpected things may happen as a surprise. we might test the next support are of 33k - 32k zone! Huge support IMO the Red zone that I marked.
I believe in the 1st point and sooner we break above 50k. more consolidation the more better!
Wait for a breakout on either side and trade shorts or longs accordingly!
Safe trading!
Bitcoin bounces hard when every time it touches the lower channel. but it failed to break or even test the upper channel for a breakout a couple days before!
Possibilities are:
1. BTC consolidates within this triangle for more of coming days.
2. BTC gains momentum and breaks the 44500 resistance and heads over to 53k zone which I marked as green.
3. Unexpected things may happen as a surprise. we might test the next support are of 33k - 32k zone! Huge support IMO the Red zone that I marked.
I believe in the 1st point and sooner we break above 50k. more consolidation the more better!
Wait for a breakout on either side and trade shorts or longs accordingly!
Safe trading!
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.
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.