Today, I want to analyze BITCOIN for you in a 9H time frame so that we can have a SHORT-term view of BITCOIN regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
BITCOIN is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
✅ Due to the Ascending structure of the chart... 🟢 BITCOIN has been Bullish Recently! 🟢 The odds of another Bullish Movement is High! 🟢 Ascending Triangle is Visible on The chart! 🟢 No break out yet!
Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Hopefully Grayscale is not going to dump today. I am invested in an alt coin called Tezos, XTZ. It's currently at the end of a symmetrical triangle, the BTC pair is double bottomed, and it's extremely over sold. It's currently setup for a huge move to the upside as long as BTC doesn't ruin the party. So fingers crossed BTC manages to stay above 70K from this point on during the rest of the cycle. If it does that historically also means alt season will soon be here. All we need to see for that is BTC.D to start falling.