Get started
jod45m

BTC Bullish scenario

Long
BTC / Tether PERPETUAL FUTURES (MEXC:BTCUSDT.P)  
jod45m Updated   
MEXC:BTCUSDT.P   BTC / Tether PERPETUAL FUTURES
Trend Analysis Chart Patterns
2
1
trendanalysis chartpattern
BTC ascending channel beginning to look like a bullish flag
New scenario if this flag is a bull flag using measured move, brings a new target around 50k. Lots of resistance around 39k, but if BTC gets above this, I think price will eventually push up to get liquidity around 50k.
Comment:
See volume profile to the left.
snapshot
Comment:
Bearish scenario which I think has a lower probability of happening unless we get some major event/catastrophe.

snapshot
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.