#BTC
The market is attempting to return higher and exit the downward channel. The current impulse may be the first step to build movement to the important resistance of 4250. If the price remains in the channel, then the chances of touching 3650 are still relevant, but in general this impulse makes the market more positive and now we see more chances for upward movement, even in the case of drops to support 3650.
The market is attempting to return higher and exit the downward channel. The current impulse may be the first step to build movement to the important resistance of 4250. If the price remains in the channel, then the chances of touching 3650 are still relevant, but in general this impulse makes the market more positive and now we see more chances for upward movement, even in the case of drops to support 3650.
Note
#BTC
Looks like the market has formed a gartley pattern. If the asset can hold around 4000, then we have the opportunity to get a rebound and test the resistance of 4700.
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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.