BTC Market Condition
Hi everyone, here is my TA on BTC/USDT on a 4h Time frame.
- Market has formed multiple chart patterns
- Btc formed Inverse H&S, rising wedge, and ascending triangle
- H&S and Ascending triangle is in favor on bullish, however the height of it's pump may not be enough to sustain the continuation of the bull run.
- I'm personally watching the Rising Wedge Pattern as we are getting multiple resistance level and may possibly get a rejection around 42k level.
- I'm still bearish on BTC unless we I see a major turn over with a breakout above 45k by the end of the week.
- BTC is still trading sideways between 30k to 42k level, I'll be waiting for a confirmed breakout before entering a very short term trade.
That's all guys! Take care! NFA, DYOR and TAYOR. Goodluck!
- Market has formed multiple chart patterns
- Btc formed Inverse H&S, rising wedge, and ascending triangle
- H&S and Ascending triangle is in favor on bullish, however the height of it's pump may not be enough to sustain the continuation of the bull run.
- I'm personally watching the Rising Wedge Pattern as we are getting multiple resistance level and may possibly get a rejection around 42k level.
- I'm still bearish on BTC unless we I see a major turn over with a breakout above 45k by the end of the week.
- BTC is still trading sideways between 30k to 42k level, I'll be waiting for a confirmed breakout before entering a very short term trade.
That's all guys! Take care! NFA, DYOR and TAYOR. Goodluck!
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