We can see bitcoin has made a piercing line followed by a hammer on dynamic trend line
We don't want to see another consolidation forming that can turn into a bearish flag
We need some bullish power to step in and push through the triangle for a rally
Trading oppertunity is when btc breaks out of triangle with a strong bullish candle
This will be a indication that there is more bulls in the market
At this point the piercing line and hammer is a good sign for bullishness.
But we have to see what the market will do
We don't want to see another consolidation forming that can turn into a bearish flag
We need some bullish power to step in and push through the triangle for a rally
Trading oppertunity is when btc breaks out of triangle with a strong bullish candle
This will be a indication that there is more bulls in the market
At this point the piercing line and hammer is a good sign for bullishness.
But we have to see what the market will do
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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.
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.