Fasten Your Seatbelt ! / Bitcoin Get Supported / H1
Check my last BTCUSDT analysis to see why we have a price reaction and consolidation here.
We have a trading range more than 20 bars so 50-50 chance of breakout. 18:00 candle ( UTC Time ) was nice bullish reversal bar close near its high that took liquidity below the trading range and from there BTC reversed up.
4 consecutive bull bars that 4th candle is nice bullish one = strong buying pressure. According to my video analysis higher prices expected if BTC breaks both the key level $60,000 and bear trendline.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
We have a trading range more than 20 bars so 50-50 chance of breakout. 18:00 candle ( UTC Time ) was nice bullish reversal bar close near its high that took liquidity below the trading range and from there BTC reversed up.
4 consecutive bull bars that 4th candle is nice bullish one = strong buying pressure. According to my video analysis higher prices expected if BTC breaks both the key level $60,000 and bear trendline.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Comment:
Bear Trendline now is get touched, wait for reaction and break !
Comment:
Highlighted Resistance get touched !
