Hello Traders!
Another quick update on BTC
Points to consider
- Price bounced from support
- Daily inside bars forming
- Bulls broke EMA’s
- Potential HL if price retraces from here
- Volume climax candle on daily
Bitcoin bulls have pushed price up successfully from local support right into local resistance. Price is currently forming INSIDE bars which are yet to break bearish and or bullish. A break bullish from this area can totally negate this descending triangle formation and will allow bitcoin to put in a higher high…
A break bearish will confirm this next Higher Low and further prove the hypothesis of this being a descending triangle, a very bearish formation.
Bitcoin has two major resistance levels (red zones) that bulls need to break if we are headed to yearly highs, this has to be backed up by high bull volume otherwise we may witness a bull trap and ultimately head back to yearly lows…
What are your thoughts on Bitcoins immediate price action?
Please leave a like and comment
And remember,
Markets change their behavior faster than people can change their minds… That is why intraday trading is so difficult.’’ – Unknown
Another quick update on BTC
Points to consider
- Price bounced from support
- Daily inside bars forming
- Bulls broke EMA’s
- Potential HL if price retraces from here
- Volume climax candle on daily
Bitcoin bulls have pushed price up successfully from local support right into local resistance. Price is currently forming INSIDE bars which are yet to break bearish and or bullish. A break bullish from this area can totally negate this descending triangle formation and will allow bitcoin to put in a higher high…
A break bearish will confirm this next Higher Low and further prove the hypothesis of this being a descending triangle, a very bearish formation.
Bitcoin has two major resistance levels (red zones) that bulls need to break if we are headed to yearly highs, this has to be backed up by high bull volume otherwise we may witness a bull trap and ultimately head back to yearly lows…
What are your thoughts on Bitcoins immediate price action?
Please leave a like and comment
And remember,
Markets change their behavior faster than people can change their minds… That is why intraday trading is so difficult.’’ – Unknown
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Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.