Bitcoin / TetherUSמעודכן Indications for next move in BTC
After the recent big moves I thought it was worth reassessing what patterns BTC has formed on the shorter duration charts, to get an idea of the next big move.
240 minute chart:
You can see the ascending triangle (in yellow) produced a breakdown on April 11. However, in doing so there is a new uptrend channel visible (in blue), which is containing movement since April 3.
30 minute chart:
Price appears to be moving in a smaller ascending triangle (in purple). If this breaks down I would be watching for support at the lower blue line of the ascending channel, currently at about $4945. If it breaks to the upside, target would be $5190 based on the height of the triangle, with possible further to the top blue line.
240 minute chart:
You can see the ascending triangle (in yellow) produced a breakdown on April 11. However, in doing so there is a new uptrend channel visible (in blue), which is containing movement since April 3.
30 minute chart:
Price appears to be moving in a smaller ascending triangle (in purple). If this breaks down I would be watching for support at the lower blue line of the ascending channel, currently at about $4945. If it breaks to the upside, target would be $5190 based on the height of the triangle, with possible further to the top blue line.
הערה
Purple triangle broke down as I clicked publish. Looking for an entry if price bounces from $4945, initial stop-loss $4920 and target $4945.הערה
correction to above, target $5190.
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.