BTC/USD 1h chart
BTC/USD 1h chart
After a nice surge of BTC price, we've found a relaxing place between historical resistance at 48.700$ and support at 46.700$.
If we take a closer look at lower time frames as 1h, we can see that we're about to form a diamond pattern, which has a bit higher percentage rate of reversing the price. If that plays out we can place a short position as 1st trade scenario is showing.
In case that price doesn't retrace there, we can consider placing a long position as 2nd trade scenario shows.
If we come above 50k, we can expect some fireworks.
@Altcoin_and_bitcoin_trading
After a nice surge of BTC price, we've found a relaxing place between historical resistance at 48.700$ and support at 46.700$.
If we take a closer look at lower time frames as 1h, we can see that we're about to form a diamond pattern, which has a bit higher percentage rate of reversing the price. If that plays out we can place a short position as 1st trade scenario is showing.
In case that price doesn't retrace there, we can consider placing a long position as 2nd trade scenario shows.
If we come above 50k, we can expect some fireworks.
@Altcoin_and_bitcoin_trading
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.