BTC/USD 1st leg to NEW YEARS LONG TARGET INITIATED!!
Hi Seildev here
Today we’re looking at BTC/USD pair.
Right now it’s at 15825 and we can see some key elements:
- Breakout of downward wedge
- Respected horizontal zone 13075 has been respected (full body stays above discounting the wick)
- Full body candle close above 50 and 100 day EMA
- 1 Hour chart current bull flag forming for another leg up
- RSI divergence bullish
If we see full body candle close above 15288 then we are heading for another bullish leg taking us to our initial target 1 of 19617 and target 2 of 23019.
As always, trade with a plan and safe trading.
If you enjoyed this chart/analysis, please send me a PM and I’ll be glad to help you further.
Today we’re looking at BTC/USD pair.
Right now it’s at 15825 and we can see some key elements:
- Breakout of downward wedge
- Respected horizontal zone 13075 has been respected (full body stays above discounting the wick)
- Full body candle close above 50 and 100 day EMA
- 1 Hour chart current bull flag forming for another leg up
- RSI divergence bullish
If we see full body candle close above 15288 then we are heading for another bullish leg taking us to our initial target 1 of 19617 and target 2 of 23019.
As always, trade with a plan and safe trading.
If you enjoyed this chart/analysis, please send me a PM and I’ll be glad to help you further.
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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.
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.