Let's zoom in and look at Bitcoin (BTCUSDT) short-term.
This is the 1H timeframe, we've zoomed onto the current consolidation pattern.
Bitcoin is likely to challenge the upper boundary of the consolidation triangle.
Note: This chart can change super-fast as this is short-term.
The short-term bullish bias remains valid above $22,100.
Going below this level and a strong bounce becomes even more likely.
Bottom line: Bitcoin is consolidating before it continues with its rise in price.
Namaste.
This is the 1H timeframe, we've zoomed onto the current consolidation pattern.
- Higher low.
- Trading above EMA300/MA200.
- 0.5 Fib. retracement holds.
- Rounding bottom.
- Divergence with the RSI.
Bitcoin is likely to challenge the upper boundary of the consolidation triangle.
Note: This chart can change super-fast as this is short-term.
The short-term bullish bias remains valid above $22,100.
Going below this level and a strong bounce becomes even more likely.
Bottom line: Bitcoin is consolidating before it continues with its rise in price.
Namaste.
Yorum:
This is good, we still go up...
Yorum:
You can use the correction to rebuy and reload on your favorite pairs.
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🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access
lamatrades.com (Since 2017)