BTC March 29, 2024: Bullish Pattern Continues to Form

מעודכן
I have written many ideas about BTCUSD bullish patterns recently, you can see the related ideas section for more details.

The reason why I am looking for bullish patterns is BTCUSD is in an uptrend on longer timeframes than the timeframes I am trading (1D). Therefore even if I sell, it is because I am closing a previous long position, not because I am shorting.

On March 29, 2024, on the 4h timeframe, at 1:50 AM UTC, BTCUSD is forming a small consolidation here as shown in the chart. A breakout of this resistance would provide an appropriate buy point.
הפקודה בוטלה
On April 2, 2024, the downward move below the consolidation zone invalidated the expected breakout pattern to the upside.
Chart PatternsTrend Analysis

גם על:

פרסומים קשורים

כתב ויתור