Looking at the Daily and 4-hour charts for BTC, we can see multiple bullish formations unfolding.
An inverse head and shoulders - daily
A cup and handle - daily
An ascending triangle - daily
Price action looks strong, as we’ve begun the breakout from the neckline on the inverse H&S, as well as the cup and handle and ascending triangle simultaneously, and momentum is building fast.
Also, on the 4-hour chart, there’s a pretty substantial bull pennant taking shape. A breakout here could be the next leg up, and the push needed to keep momentum alive.
Zooming out, when we apply the trend-based Fibonacci extension, it reveals a $131,000 golden pocket, on both the the daily as well as the 4 hr. And that could be a major upside target if these bullish structures hold.
Stay tuned to see if BTC continues its move and sets a new all-time high.
An inverse head and shoulders - daily
A cup and handle - daily
An ascending triangle - daily
Price action looks strong, as we’ve begun the breakout from the neckline on the inverse H&S, as well as the cup and handle and ascending triangle simultaneously, and momentum is building fast.
Also, on the 4-hour chart, there’s a pretty substantial bull pennant taking shape. A breakout here could be the next leg up, and the push needed to keep momentum alive.
Zooming out, when we apply the trend-based Fibonacci extension, it reveals a $131,000 golden pocket, on both the the daily as well as the 4 hr. And that could be a major upside target if these bullish structures hold.
Stay tuned to see if BTC continues its move and sets a new all-time high.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。