BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin broke the 6000 support line and found the bottom at 3200 formed a falling wedge pattern - a reversal pattern. Now we move in the ascending channel . Trading volumes are growing. At the level fibonacci 38.2% resistance level . Stochastic RSI -overbought on 4H chart. New Year rally
Comment: Total Market Cap
Inverse H&S reversal pattern potentially in play here.

It couldn't break resistance level. We will see $3000 in upcoming days.
4k! But now what for bitcoin ?

+1 Reply
I expect this

Good chart.

However, a retracement is coming soon to 3630.
+1 Reply
AryanRehaan AlfredoCollado
@AlfredoCollado, gen bro come in the discord
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Everyone is looking at the higher low formation and we are too. We've been able to take some very nice profits out of the market already and this could be a very nice impulse to correction and then impulse phase again on the larger time frame as you show. Love your TA and appreciate all the work you put into it.

Here's our perspective and how we're trading BTC right now:
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TradeIndicators TradeIndicators
@TradeIndicators, Here's the BTC review that I hope can help people who are live trading right now:
BTC remain on its strong mission, nearing strong resistance zone.

Simple situation. Last 2 years, I learnt that Coins can stay overbought and oversold for a loooooooong time!
It can go to 5X while overbought.
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