BTC/USD - Ascending Triangle

Here is a quick BTC 4hr Chart update.

At the moment, BTC is in an Ascending Triangle Pattern on this 4hr timeframe. An Ascending Triangle Pattern is a potential Bullish Continuation Pattern.

At the moment, BTC is above its Bollinger Bands Middle Bands Basis 20 period SMA on this 4hr timeframe.

At the moment, BTC is above its Least Squares Moving Average (LSMA) on this 4hr timeframe.

At the moment, BTC is back in the Bullish Zone of the Ichhimoku Cloud back above its Leading Span B (Senkou Span B) resistance Level on this 4hr timeframe.

At the moment, BTC is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 11x 4hr candles that i have selected.

At the moment, the MACD Line is still above the 0.0 Base Line in the Positive Zone and is also still above its Signal Line on this 4hr timeframe.

For the upside, be on the lookout for a successful break ABOVE the Horizontal Resistance Line of the Ascending Triangle and any successful re-test as support. For the downside, be on the lookout for a break BELOW the Ascending Support Line of the Ascending Triangle and any successful re-test as resistance.


It should be an interesting couple of hours.