🔥 Bitcoin Resuming Trend After Healthy Correction

The Developments In The Crypto Sector Made It Into The Record Books (The Guinness World Records)

🔥 Bitcoin Resuming Trend After Healthy Correction by FieryTrading on TradingView.com

18 hours ago
A while ago I made two analyses on BTC and the healthy correctional phase we were in. See below.

🔥 Bitcoin Healthy Correction: Bullish Price Action

🔥 Bitcoin Healthy Correction Successful: Slow Weekend Ahead

As expected, BTC has been trading sideways since then. Additionally, a triangle pattern had emerged on the chart. As of the last hour or so, BTC saw a strong green candle signaling the break out of this triangle.

If BTC manages to hold this trend, we might see the start of a new bullish trend which can finally take us up to $50k.

Happy trading!
17 hours ago
Comment: Keep an eye on the candle close. If we close below the resistance the break-out is invalidated.
16 hours ago
Comment: Bullish break-out invalidated. Triangle pattern still intact.

snapshot

 

The Developments In The Crypto Sector Made It Into The Record Books (The Guinness World Records)

Fierytrading Analysis

Experienced crypto, stock and FX trader with a focus on technical and on-chain analysis. One of the top analysts on Tradingview with daily crypto signals and market overviews.

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