jcgordon

Potential BTC breakout from downwards channel - 1h chart

BITFINEX:BTCUSD   Bitcoin
BTC is showing signs of a buy signal on the 1h chart. The lagging span has pierced the Ichimoku cloud and the K line is crossing over the D line of the stochastic RSI. Futhermore BTC has found support on the centre line of the Bollinger Bands. If BTC clears the downwards channel (green) trend line then we could be back in bullish territory. The 4h chart is less convincing though. To be continued...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.