BTC is ready to break The down trend

BTC coming back alive as both price and RSI are trying to step out the down the trend on the 4H.
BTCUSD should make a move in the 4-8H and continue its uptrend.

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both RSI and price broke out of the downtrend. Lets see if BTCUSD can maintain the up trend from here

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Time to see some Volatily as price and RSI are contracting to an acute angle

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Volatility on 15m was confirmed. Price needs to discover a new path.
Will update later

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BTC possible scenario on the 4H

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Price still have not made a convincing move, seems to be undecided at the moment.
To avoid panic sell, the following scenario is highly probable if we break trend line 2.
Price will fine support at trend line 3, which is more solid based on previous breakout. RSI and price are in perfect harmony

Yorum:

Price still have not made a convincing move, seems to be undecided at the moment.
To avoid panic sell, the following scenario is highly probable if we break trend line 2.
Price will fine support at trend line 3, which is more solid based on previous breakout. RSI and price are in perfect harmony

İşlem kapandı: hedefe ulaştı:

Price and RSI have clearly broke their supporting trend line. Price could be expected to correct to 6263-6280. Any upward trend from the current price is a trap.

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BTCUSD has put itself in a very favorable position. BTCUSD managed to get above trend line 2, even though it clearly broke it but bears couldnt follow through. Price could be heading to trend line 4, unless price break below line 2 and refuses to get back above it

The current position of BTCUSD will helps tremendously XLMUSD to have a breakout