The chart shows the idea pretty well, however i will comment on the 4h and 1d indicators and last breakout attempt.
Recently BTC succeded to breakout out the first symmetrical triangle to the upside, which has left the first downwards trendline to seemingly become support. 1. attempt happend a couple of days ago, but it failed to stay above as there came some serious sale pressure just 15 minutes before daily close. This time there is a breakout on the daily chart as well.
The indicators at 4h are in the bulls favor this time as well, which might help to push the price to above resistance around 11k. However we might stay in the 10.6k - 11.4k range for another week before finally breaking out of the next symmetrical triangle.
Indicators at 1d are pretty neutral, but at this point we have experienced that they can stay relatively overbought for weeks at the time, so i dont see this as a hinder for a raising price.
This is not a financial advice tho, but i do hope to get some feedback of any kind.
Happy trading, i wish you all only green numbers!
Recently BTC succeded to breakout out the first symmetrical triangle to the upside, which has left the first downwards trendline to seemingly become support. 1. attempt happend a couple of days ago, but it failed to stay above as there came some serious sale pressure just 15 minutes before daily close. This time there is a breakout on the daily chart as well.
The indicators at 4h are in the bulls favor this time as well, which might help to push the price to above resistance around 11k. However we might stay in the 10.6k - 11.4k range for another week before finally breaking out of the next symmetrical triangle.
Indicators at 1d are pretty neutral, but at this point we have experienced that they can stay relatively overbought for weeks at the time, so i dont see this as a hinder for a raising price.
This is not a financial advice tho, but i do hope to get some feedback of any kind.
Happy trading, i wish you all only green numbers!