BTC - two different ideas
The grey dashed lines suggest we are forming a triangle upwards while the blue shows a descending triangle.
The short-term market is certainly bullish so this could break upward to challenge that resistance around $8400 but the volumes are weak so I think it's more likely to break down from these or if it does push up it'll bounce right off.
If we do go up the long-term EMA is sitting right around 8400 so it's going to be a tough-nut to crack. I still think we need a larger retrace (7500) to consolidate and take a bigger run at this.
Either way, wait for a breakout before taking a position and keep those stops tight.
The short-term market is certainly bullish so this could break upward to challenge that resistance around $8400 but the volumes are weak so I think it's more likely to break down from these or if it does push up it'll bounce right off.
If we do go up the long-term EMA is sitting right around 8400 so it's going to be a tough-nut to crack. I still think we need a larger retrace (7500) to consolidate and take a bigger run at this.
Either way, wait for a breakout before taking a position and keep those stops tight.
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.