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BTCUSD — Bitcoin Chart and Price — TradingViewI will follow up with a much shorter video to emphasize a couple of things. Looks like upward pressure may continue in the 6h time frame at least until the 3-Day candle closes in approximately 17 hours. Where that takes the price action is hard to say. However, I'm one Hello everyone, this is Rich, I promise to keep sharing original content here on TradingView. My Second Home! If you like my trading style, do not forget to follow me for more. Best of luck! Unfortunately, I must take a break from providing updates the way I have been.
I mentioned this about a week ago but I actually provided more instead of less I appreciate the following and support very much!!! I want It seems like it is currently forming a bullish flag consolidation pattern.
Let's see if the price can pullback to test the level once more to complete the pattern. A next leg higher is expected after the consolidation phase is done! Many traders got scared to enter the market but to the surprise of many, the fall got bought back immediately and in 1 day all losses were erased. It is interesting to mention that the rebound happened on the 4H MA50, as I described on my post last Sunday see below Bitcoin the last times showed up with bullish moves managing to breakout above its established range and mark above the I drew my Fib Extension from the bottom wick of the dump on March 15th, start of the bull run, all the way to The "odds" are ever increasing according to the indicators we may be in the beginning stage of stair stepping down in a correction to the White Upper B-Band in the 2-Week and 3-Week time frames.
Could I be wrong? Of course I can From a TA perspective it seems hardly sustainable to see the price of BTC grow as much as it has this recent time Hello Traders. Welcome to Chapter 3, where we talk about corrective waves. In chapter 3. Binance Mine Digital.
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3 Responses
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