🔥 Bitcoin Resuming Trend After Healthy Correction

5 באפר׳ 2022

A while ago I made two analyses on BTC and the healthy correctional phase we were in. See below.

As expected, BTC has been trading sideways since then. Additionally, a triangle pattern had emerged on the chart. As of the last hour or so, BTC saw a strong green candle signaling the break out of this triangle.

If BTC manages to hold this trend, we might see the start of a new bullish trend which can finally take us up to 50k.

Happy trading!

5 באפר׳ 2022

הערה

Keep an eye on the candle close. If we close below the resistance the break-out is invalidated.

5 באפר׳ 2022

הערה

Bullish break-out invalidated. Triangle pattern still intact.