Is BTC ready for a push higher ?
A strong move lately from BTC which is about to break a descending triangle pattern but still with some significant resistances up to around 50k before I would call it a return to bull trend.
How things are looking for BTC ? The consolidation under resistance looks strong, however the rsi and volume is decreasing. What is more important the daily volume looks very weak.
I think the most plausible scenarios are either a retracement now or a fakeout and retracement.
If BTC fails to break the resistance but no strong dump follows then it should be a good scenario for a push higher - if some volume appears.
On the other hand if we will have a strong retracement in price now, then 40k resistance may finally succumb to selling pressure.
How things are looking for BTC ? The consolidation under resistance looks strong, however the rsi and volume is decreasing. What is more important the daily volume looks very weak.
I think the most plausible scenarios are either a retracement now or a fakeout and retracement.
If BTC fails to break the resistance but no strong dump follows then it should be a good scenario for a push higher - if some volume appears.
On the other hand if we will have a strong retracement in price now, then 40k resistance may finally succumb to selling pressure.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.