Bitcoin
Giá lên

BTC Broadening Descending Wedge 4H

Cập nhật
BTC moving inside a broadening descending wedge on the 4H chart.

This shape has a bullish outcome more often than not.

Price action has touched major support twice.

BTC Price is back above the 50 SMA which is a good sign.

Keep an eye on this structure.

NFA

Do your own DD
Ghi chú
trend structure is breaking

ảnh chụp nhanh
Ghi chú
Next target if price can hold above the descending resistance

ảnh chụp nhanh
Ghi chú
ảnh chụp nhanh
Ghi chú
4H has overcome to 200sma

ảnh chụp nhanh
Ghi chú
Daily meeting the 50sma and approaching level 60 RSI

ảnh chụp nhanh
Ghi chú
wick fills gap between 50/100 sma daily

ảnh chụp nhanh
Ghi chú
ảnh chụp nhanh
Ghi chú
If Pa holds above daily 50 sma long enough for this 4H cross to occur, there could be more fireworks

ảnh chụp nhanh

ảnh chụp nhanh
Ghi chú
price rebounded after 4H 50/100 cross

ảnh chụp nhanh
Ghi chú
This is where this trend comes to a macro trend juncture and will be the final update for this idea. The 3.618 and the descending resistance are are between 67,200 and 66,000. If the PA meets that zone, this is the chart I will be moving to next.

ảnh chụp nhanh
Ghi chú
Next Idea to come will be from the daily based on what happens at this juncture.

ảnh chụp nhanh
Ghi chú
In reference too January 16th update above.

ảnh chụp nhanh

Idea Closed.
BTCBTCUSDChart PatternsDescending Broadening WedgeTechnical IndicatorsLONGpatternTrend Analysis

Bài đăng liên quan

Thông báo miễn trừ trách nhiệm