Bitcoin BTCUSD - Symmetrical triangle + Next Bullish Targets
- The huge parabolic bull run on bitcoin is still intact as long as we are above the symmetrical triangle
- 4h 200 moving average can serve as support in the near future
- Now it is a great time to buy Ethereum , which seems to be stronger during consolidation period on bitcoin
- First target for bitcoin is 0.618 fib extension
- After the first target, we can expect bearish divergence on the Daily chart, that can temporarily push price down
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- 4h 200 moving average can serve as support in the near future
- Now it is a great time to buy Ethereum , which seems to be stronger during consolidation period on bitcoin
- First target for bitcoin is 0.618 fib extension
- After the first target, we can expect bearish divergence on the Daily chart, that can temporarily push price down
If you want more of these ideas, hit the like button and follow me, so you don't miss any update!
Also, check my signature down below ↓
