Bitcoin Possible Breakout
Have been going over a few things and here are my observations.
1. Three rising valleys usually occur during previous uptrends, however this isn't always the case.
2. Valleys appear in their last phase and have formed a rounding bottom which could create a inverted scallop (usually a very bullish sign)
3. 24,000 area has shown itself as consistent resistance where short sellers have set up camp.
4. A breakout of the previous high would propel BTC to a target in the 26,000 range.
5. A monthly chart of BTC has shown bullish hidden divergence which has been remarkably accurate in predicting long term price reversals.
BTCUSD
1. Three rising valleys usually occur during previous uptrends, however this isn't always the case.
2. Valleys appear in their last phase and have formed a rounding bottom which could create a inverted scallop (usually a very bullish sign)
3. 24,000 area has shown itself as consistent resistance where short sellers have set up camp.
4. A breakout of the previous high would propel BTC to a target in the 26,000 range.
5. A monthly chart of BTC has shown bullish hidden divergence which has been remarkably accurate in predicting long term price reversals.
BTCUSDTrade fermée: ordre d’arrêt atteint
Pattern negated. Rising wedge on daily has broken down.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.