Consolidation in Triangle for BITMEX:XBTUSD.P by DeltaGroup — TradingView

Trend Analysis XBTUSD BTCUSD BTCUSDT Bitcoin (Cryptocurrency)

trendanalysis xbtusd btcusd btcusdt bitcoin

Bitcoin has been supported in the range of 5000-5020. Support and resitance areas and important trendlines are drawn. Bitcoin has a price consolidation inside the drown triangle and there is a possibility of moving according to the blue scenario. Becareful about any breakdown below the dark green trendline.

Previous chart:

4H Ichimoku Cloud

Comment:

Bitcoin moved according to the expected scenario:

snapshot

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