Very clear pattern .. BTCUSD

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jan 17, 2021 9:23 AM

Hello everyone ..

This is my idea for Bitcoin on 4 hour time frame ..

we have a very clear pattern waiting for a breakout on 4 hour time frame ..

I Expect price to have a strong move if close below or above this triangle which could lead to a breakout ...

for any question feel free to ask :)

Note : there is another hint in the RSI indicator .. which could support us .. triangle waiting for breakout

Trend Analysis Bitcoin (Cryptocurrency)

Comments

TheSignalyst

⋅ Jan 17, 2021 9:32 AM

Clean and clear. Which way do you think it will break?

Abu-Sushi

⋅ Jan 17, 2021 9:33 AM

@TheSignalyst, I lean toward bullish buying pressure is unreal even with RSI in weekly and monthly overbought ..
There is some small fundamentals .. but I only care about price action entry and exist :)