Nothing fancy today, just a quick trend analysis of BTC USDT pairing. As you can see within the green lines, BTC is in some kind of upward trend holding pattern. If it breaks down out of that pattern then a retest of the black support line is likely and a logical entry for a long position.
Happy to hear feedback and comments.
Happy to hear feedback and comments.
Comment:
If the price breaks above the green, this is also a logical entry for a long position and the price can be expected to continue in the upward trend.
Comment:
Price has moved upwards and found support above the top green trend line. Scenario two entry.