FieryTrading

🔥 Bitcoin Resuming Trend After Healthy Correction

Long
FieryTrading Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
A while ago I made two analyses on BTC and the healthy correctional phase we were in. See below.



As expected, BTC has been trading sideways since then. Additionally, a triangle pattern had emerged on the chart. As of the last hour or so, BTC saw a strong green candle signaling the break out of this triangle.

If BTC manages to hold this trend, we might see the start of a new bullish trend which can finally take us up to $50k.

Happy trading!
Comment:
Keep an eye on the candle close. If we close below the resistance the break-out is invalidated.
Comment:
Bullish break-out invalidated. Triangle pattern still intact.


🎯Official Channel: t.me/FieryTradingChannel

📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free

✅Binance Monster Signals: t.me/bms_futures

🔥Premium signals: www.fierytrading.com
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.