A demonstration of a few indicators showing that a breakout is possibly on the way, most likely happening today if the following hours show a decent trend upwards. Please leave a comment and feel free to share your opinions on the situation! I'm new so please do criticize in a friendly manner to help me chart better.
Note
Looks like BTC is going to take a dip, breakout turning into a breakdown possibly.Note
Looked at BTC and on a 2 hour scale it definitely seemed bearish so I guess I could have accounted that into this analysis. My mistake.Note
If the dip is canceled somehow on BTC's part, then it would be looking like a breakout which is what I expected to happen on an uptrend.Note
Maybe there is still hope to break upwards if this bear hit turns around.Note
Looks like we have movement confined inside the bands for now, I see the market stagnating with BTC holding steady at around 10500-10700.
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.
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.