otaviocurrency

otaviocurrency

BTC ascending triangle in the 1h. Tomorrow the FOMC talking about the interest rate will guide whether BTC will pass $30k or whether we will have a correction in the daily chart time frame. Watch for volatility spikes in the morning.

otaviocurrency Updated 

The daily chart is in a long consolidation period and is beginning to show signs that it wants a breakout. Weekly is very close to a break through an inside bar of 3 candles upwards. If we look closely at the weekly is a Shoulder Head Shoulder .

otaviocurrency

We don't have much news, the oversold 15m continues with a huge strength so set the alarms and trade those ascending bottoms on the 4h that are being formed. I would only stop trading the 15m if there is a bearish pivot in the 4h, then I would wait for the 1h oversold.