#BTCUSD Bullish Outlook Plan of action with evidence
BTCUSD
Bullish Indications:
1) Three soldiers' bullish candles (Dow theory ,making HH )
2) Next resistance @ 17095 and support is @ 16789
3) Divergence : RSI making a Bullish move , making HH
Bearish Indications:
1) Bearish Expanding Triangle pattern forming
2) Rising Wedge (continuation pattern of Bear Trend)
BIAS: Long
Plan A :
Long
Entry @ 16988
TP1 @ 17062
TP2 @ 17185
SL @ 16819 which is next support level
Plan B :
Shorting:
In Case it makes a Bearish move
Entry @ 16870
TP @ 16811
SL @ 17000
Bullish Indications:
1) Three soldiers' bullish candles (Dow theory ,making HH )
2) Next resistance @ 17095 and support is @ 16789
3) Divergence : RSI making a Bullish move , making HH
Bearish Indications:
1) Bearish Expanding Triangle pattern forming
2) Rising Wedge (continuation pattern of Bear Trend)
BIAS: Long
Plan A :
Long
Entry @ 16988
TP1 @ 17062
TP2 @ 17185
SL @ 16819 which is next support level
Plan B :
Shorting:
In Case it makes a Bearish move
Entry @ 16870
TP @ 16811
SL @ 17000