PolarHusk

BTC/USD TA Update (bullish short-term pattern?)

Long
BITSTAMP:BTCUSD   Bitcoin
BTC/USD

Bitcoin is holding strong the price range between 5200-5400 zone and looks to be forming a bullish ascending triangle
as the price keeps making a series of higher lows. BTC just had a bullish MA cross of 50 & 100 moving averages on the 1H time-frame.
This signal short-term shift in momentum to the upside but still not confirm until immediate resistance at 5500 areas is broken.
If Bitcoin can confirm a bullish breakout in the coming few days. The upside target is between 0.5-0.618 fib resistance or 6k-6.5k zone.
When most indicators show extreme fear and oversold conditions we likely see a relief temporary bounce.
Bearish side, if BTC closes below 5k this will invalidate upside scenario.

Telegram Channels
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
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.