In this analysis, in H1 timeframe Bitcoin is formed a simetric triangle, and also, that mean a possible continuation of the trend, in that cause is bullish, meanwhile Bitcoin is going to consolidated into it, we could see a mini-altseason in altcoins.
Now, in H4 timeframe this is the key trend, we continue bullish and we see the simetric triangle so clearly!!!
Also, more interesting is that Bitcoin is into this bullish channel that I could to mark in the extreme points of lower higher in the key, you can get it and it's explain that bulls are still bullish, not bearish!!!
Also, in H4 timeframe we see a bearsh divergence, but that is the price that make a little correction, but that not mean that Bitcoin is go to down, that is natural in the market do to a correction when they're weakness of the bullish or bearish trend and then, it's neccesary a correction before to continue it.
I'm still in long position, but I changed my perspective and I put a target profit at $11,387 USD, and I move the SL at $10,717 USD.
Good luck, just be patient of this analysis!!!
Now, in H4 timeframe this is the key trend, we continue bullish and we see the simetric triangle so clearly!!!
Also, more interesting is that Bitcoin is into this bullish channel that I could to mark in the extreme points of lower higher in the key, you can get it and it's explain that bulls are still bullish, not bearish!!!
Also, in H4 timeframe we see a bearsh divergence, but that is the price that make a little correction, but that not mean that Bitcoin is go to down, that is natural in the market do to a correction when they're weakness of the bullish or bearish trend and then, it's neccesary a correction before to continue it.
I'm still in long position, but I changed my perspective and I put a target profit at $11,387 USD, and I move the SL at $10,717 USD.
Good luck, just be patient of this analysis!!!
