Swastik24

BTC Trend Analysis

Short
OANDA:BTCUSD   Bitcoin
If BTC had to follow break out of triangle pattern, then the retest bounce on 1st of April would have soared high.
Now it is getting invalidated (in confluence with RSI) and the support became resistance again.

As stated in my previous TA on weekly time frame, Rising wedge or potential bear flag is forming.

Link is provided below for your reference.


Peace !!
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.