BTC/USDT 4H analysis
Bitcoin is in an ascending triangle that is about to break soon, the question is from which direction?
Scenario 1: BTC breaks from below, it would continue to the 45k level then we would wait to see the market’s reaction, it could break below 45k then we would see a continuation to 42k.
Scenario 2: BTC breaks above 48k, we would see a continuation to the 50k psychological level, then we would wait to the market’s reaction, if it breaks above 50k then there should be a continuation to 53k which is the target of the triangle.
We hope to see scenario 2, watch the candle close traders!
PS: If BTC went down, it would bring eth with it so watch out for your Ethereum trade also!
NajjarTrading
Bitcoin is in an ascending triangle that is about to break soon, the question is from which direction?
Scenario 1: BTC breaks from below, it would continue to the 45k level then we would wait to see the market’s reaction, it could break below 45k then we would see a continuation to 42k.
Scenario 2: BTC breaks above 48k, we would see a continuation to the 50k psychological level, then we would wait to the market’s reaction, if it breaks above 50k then there should be a continuation to 53k which is the target of the triangle.
We hope to see scenario 2, watch the candle close traders!
PS: If BTC went down, it would bring eth with it so watch out for your Ethereum trade also!
NajjarTrading
Note
BTC broke above 48, we took a buy then now took profits, watch out for the 50k psychological level!
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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.
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.