BTCUSDT |Overview| What awaits us for the next week
Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
💡Triangle flat top formation Rising priority.
▫️Bitcoin has tested up the border of the triangle at 4H with low volatility, which means that a strong upward movement should be expected soon. While we received a rebound, now the asset is going for a correction towards $23.600 I wrote about this above.
▫️If the price can fix above the upper border of the pattern ($24.600-25.000), we can expect the first targets for the next week at $27.000-29.000.
Also a few words about the stock market:
📌If the S&P 500 can hold the $4.200 value and consolidate above, then we will see a breakout and the Bitcoin plan will work.
(For those who don't understand (S&P 500 and Bitcoin are correlated assets, asset prices move in relation to each other)
🗯Most importantly, watch your risk management! All the best and have a good day!
💡Triangle flat top formation Rising priority.
▫️Bitcoin has tested up the border of the triangle at 4H with low volatility, which means that a strong upward movement should be expected soon. While we received a rebound, now the asset is going for a correction towards $23.600 I wrote about this above.
▫️If the price can fix above the upper border of the pattern ($24.600-25.000), we can expect the first targets for the next week at $27.000-29.000.
Also a few words about the stock market:
📌If the S&P 500 can hold the $4.200 value and consolidate above, then we will see a breakout and the Bitcoin plan will work.
(For those who don't understand (S&P 500 and Bitcoin are correlated assets, asset prices move in relation to each other)
🗯Most importantly, watch your risk management! All the best and have a good day!
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.