After the recent big moves I thought it was worth reassessing what patterns BTC has formed on the shorter duration charts, to get an idea of the next big move.
240 minute chart:
You can see the ascending triangle (in yellow) produced a breakdown on April 11. However, in doing so there is a new uptrend channel visible (in blue), which is containing movement since April 3.
30 minute chart:
Price appears to be moving in a smaller ascending triangle (in purple). If this breaks down I would be watching for support at the lower blue line of the ascending channel, currently at about $4945. If it breaks to the upside, target would be $5190 based on the height of the triangle, with possible further to the top blue line.
240 minute chart:
You can see the ascending triangle (in yellow) produced a breakdown on April 11. However, in doing so there is a new uptrend channel visible (in blue), which is containing movement since April 3.
30 minute chart:
Price appears to be moving in a smaller ascending triangle (in purple). If this breaks down I would be watching for support at the lower blue line of the ascending channel, currently at about $4945. If it breaks to the upside, target would be $5190 based on the height of the triangle, with possible further to the top blue line.
Not
Purple triangle broke down as I clicked publish. Looking for an entry if price bounces from $4945, initial stop-loss $4920 and target $4945.Not
correction to above, target $5190.
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.