1. Downtrend channel (Red)
2. Uptrend channel (Blue)
3. These two channels formed a triangle
4. The price is near the top line of the triangle and is trying to break up during May (for the third time, before that it happened = July 2019 and February 2020).
6. On the volume profile, the gap is clearly visible in the zone of 4000-6000.
If Bitcoin can fix above the triangle, this will become a very strong buy signal with a growth potential to the average upward channel (13000-14000). This zone will be the beginning of a new bullish trend and update ATH (peak 19k).
2. Uptrend channel (Blue)
3. These two channels formed a triangle
4. The price is near the top line of the triangle and is trying to break up during May (for the third time, before that it happened = July 2019 and February 2020).
6. On the volume profile, the gap is clearly visible in the zone of 4000-6000.
If Bitcoin can fix above the triangle, this will become a very strong buy signal with a growth potential to the average upward channel (13000-14000). This zone will be the beginning of a new bullish trend and update ATH (peak 19k).
Comment:
Best regards EXCAVO
If you want to see my portfolio
1. Register at partner.bybit.com/b/excavo
2. send your UID to t.me/excavo
3. Get a link to the portfolio
t.me/excavonews
t.me/excavochannel
Admin:
t.me/excavo
1. Register at partner.bybit.com/b/excavo
2. send your UID to t.me/excavo
3. Get a link to the portfolio
t.me/excavonews
t.me/excavochannel
Admin:
t.me/excavo
