After being supported at trend line, it keeps going up. Let's analysis BTC/USD briefly.
1. Daily Chart
Breakout of the triangle. if it keeps going up, 20EMA(red) and candle will be met.
check it penetrates 20EMA.
2. 4H Chart
After being supported at trend line, keep going up. At the moment, important level which should break is $6550.
After breakout of triangle, it was supported by trend line and then it pulled back.
If it is staying over $6619.8(Fib. 0.618), the price can be going up more.
3. Summary and Strategy
There could be corrective phase shortly. if it so, check whether it is supported at upper side of triangle on daily chart or upper side of broadening wedge on 4H.
if it keep going up, check whether $6550 and $6620 lines are broken.
This is the end of my idea.
If you think you got help from my idea, click +Thumb up, +Follow.
Thanks
1. Daily Chart
check it penetrates 20EMA.
2. 4H Chart
3. Summary and Strategy
There could be corrective phase shortly. if it so, check whether it is supported at upper side of triangle on daily chart or upper side of broadening wedge on 4H.
if it keep going up, check whether $6550 and $6620 lines are broken.
This is the end of my idea.
If you think you got help from my idea, click +Thumb up, +Follow.
Thanks
