BTC/USD 4h chart
BTC/USD 12h chart
BTC has finally broken out of the descending channel and made a nice green candle in the range of 10%. Shortly we can expect retracement down to 46.700$, which would be a good entry point for all those who haven't make it by now.
Another good entering point for a long position would also be when we go above the orange rectangle and yellow dashed line (range of 50.000$).
On lower time frames BTC is forming a bull flag as well as a potential cup&handle formation - Both are targeting a 56.700&
BTC has finally broken out of the descending channel and made a nice green candle in the range of 10%. Shortly we can expect retracement down to 46.700$, which would be a good entry point for all those who haven't make it by now.
Another good entering point for a long position would also be when we go above the orange rectangle and yellow dashed line (range of 50.000$).
On lower time frames BTC is forming a bull flag as well as a potential cup&handle formation - Both are targeting a 56.700&
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