BitcoinLong
BTC/USD, ETH/USD: Technical Outlook, Edition #13 (05/06/21)
BTC/USD, ETH/USD: Technical Outlook, Edition #12 (05/06/21)
As far as false breakouts appear during a Bitcoin consolidation, that was not too choppy or bloody. Elon's word seems to be having less of a dent on price action in this market, possibly?
Now, if he can focus on building a rocket and take himself to Mars and resist not tweeting about Bitcoin over the weekend, then there is a fair bit of bullish confluence to be discussed using the BTC/USD H4 chart below.
Our bulls stepped in at the right time yesterday to ensure BTC/USD did not close below the pennants midline and the H4 50 MA (moving average). Thanks to their brilliant defending, this translated into a higher low on both the pennants' structure and RSI (relative strength index).
Moving forward, ETH/USD is also looking bullish. The expectations of an upside breakout are visualised below, should Bitcoin behave itself.
See you again for the next update.
- q
As far as false breakouts appear during a Bitcoin consolidation, that was not too choppy or bloody. Elon's word seems to be having less of a dent on price action in this market, possibly?
Now, if he can focus on building a rocket and take himself to Mars and resist not tweeting about Bitcoin over the weekend, then there is a fair bit of bullish confluence to be discussed using the BTC/USD H4 chart below.
Our bulls stepped in at the right time yesterday to ensure BTC/USD did not close below the pennants midline and the H4 50 MA (moving average). Thanks to their brilliant defending, this translated into a higher low on both the pennants' structure and RSI (relative strength index).
Moving forward, ETH/USD is also looking bullish. The expectations of an upside breakout are visualised below, should Bitcoin behave itself.
See you again for the next update.
- q
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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.