Hi everyone,
Here are some thoughts on BTC after it's recent activity.
Note 1
Ascending triangle is a nice bullish pattern which can sometimes signal the reversal of a downtrend. It is also hitting the .618 fibonnacci level of a 1-month and a 1-year measurement. If it can get over the 8172 mark and sustain that level, the upward trend will continue.
Note 2
The downward trendline from the beginning of Jan was finally broken and sustained. This is another good reversal sign.
Thanks for reading. Please like and follow if you find value.
*** The ideas posted here are not a recommendation to buy or sell cryptocurrency. ***
*** The posts are for educational purposes only. ***
Here are some thoughts on BTC after it's recent activity.
Note 1
Ascending triangle is a nice bullish pattern which can sometimes signal the reversal of a downtrend. It is also hitting the .618 fibonnacci level of a 1-month and a 1-year measurement. If it can get over the 8172 mark and sustain that level, the upward trend will continue.
Note 2
The downward trendline from the beginning of Jan was finally broken and sustained. This is another good reversal sign.
Thanks for reading. Please like and follow if you find value.
*** The ideas posted here are not a recommendation to buy or sell cryptocurrency. ***
*** The posts are for educational purposes only. ***
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.