We waited for Price to retrace to the 0.382 before considering any further upside movement. Price had a consolidation pattern with rising support and a flat resistance level- rising triangle. This uggests more upside movement. 0.618 at $10,5020 is the next area we need to get above and hold. The triangle should flip as support and a bounce up should occur.
Remember just my opinion.
Remember just my opinion.
Nota
Price pushed slightly above the triangle and is now back testing as support. We should look for a bounce to the upside while remaining cautious due to lower positive momentum showing now on the 1H timeframe with MACD. One final push closer to the $10,500 level is possible before coming down.Nota
Bitcoin is testing $10,400 support for a second time. The chance of a swing failure pattern becomes more probable each time the support level is tested.Nota
BTC testing the the triangle as support a 3rd time at 10.4 area! last chance to make a bounce up! Next support is 10.2kNota
The 15 minute chart is printing a bull flag/wedge. It seems more likely we have a move to 10.5Not financial advice!
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.