BITCOIN (BTCUSD) - Clear signs of major trend change ahead(H4/D)
已更新
Hello All!
Lowering recent bearish trendline (red) and the major ascending channel are forming grand bullish pennant formation.
After two consequent breakup attempts, the price kept always returning inside the major uptrend pattern.
RSI is demonstrating strong support for BTC higher low on both H4 and Daily timeframes.
Interestingly, the amount of short positions is showing clear bearish divergence:
The breakup above the indicated red line supported by solid volume increase, will ensure the validity of the grand ascending channel and its possible targets.
To sum all of this up - there are definite signs that BTC does have the chance to change current downtrend to bullish in the near future.
Thank you for reading!
Press like if you liked it :-)
Lowering recent bearish trendline (red) and the major ascending channel are forming grand bullish pennant formation.
After two consequent breakup attempts, the price kept always returning inside the major uptrend pattern.
RSI is demonstrating strong support for BTC higher low on both H4 and Daily timeframes.
Interestingly, the amount of short positions is showing clear bearish divergence:
The breakup above the indicated red line supported by solid volume increase, will ensure the validity of the grand ascending channel and its possible targets.
To sum all of this up - there are definite signs that BTC does have the chance to change current downtrend to bullish in the near future.
Thank you for reading!
Press like if you liked it :-)
注释
As the lower trend line is broken, next support to be tested is at 6k:
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。