BITCOIN: A POSSIBLE RALLY TOWARDS $18K.
Hello traders, I hope you guys are doing well. Here's a quick update on BTC in 4 hours timeframe.
BTC is under a rising wedge pattern where the price is close to the bottom trendline. In between this pattern, BTC is also forming a symmetrical triangle pattern where BTC is close to the breakout point. In both scenarios, BTC shows a possibility of a breakout and if this is so good to be true, 18k could be possible. The invalidation point will be a candle close below the lower trendline.
That's all for now. I'll see you in my next update.
Trade safely.
BTC is under a rising wedge pattern where the price is close to the bottom trendline. In between this pattern, BTC is also forming a symmetrical triangle pattern where BTC is close to the breakout point. In both scenarios, BTC shows a possibility of a breakout and if this is so good to be true, 18k could be possible. The invalidation point will be a candle close below the lower trendline.
That's all for now. I'll see you in my next update.
Trade safely.
coincall.com/r/43438887
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.