It is correction to previous chart as the angles were not correct and it looked slightly different as intended. I'm not sure if the angles are changing position as the price changes so I corrected it and let's see if this one will change shape too.
It is hard for me to predict where BTC could go in next weeks or months. I tried to apply known to me tech. analyse but recent movements don’t fit to any of them. I found just one which could be used for “predictions” and it is called V-Pattern. I placed it on the chart(two rays deviated 60 degrees) . This pattern gives us place where we could see some interesting price action. It is marked with blue rectangle .
Fact that 200 Ema pushed price higher with ease above 1000$ mark makes me think that the bullish mode for BTC is still in play.
It is just a thought and it shouldn't be treated as a trading advise
It is hard for me to predict where BTC could go in next weeks or months. I tried to apply known to me tech. analyse but recent movements don’t fit to any of them. I found just one which could be used for “predictions” and it is called V-Pattern. I placed it on the chart(two rays deviated 60 degrees) . This pattern gives us place where we could see some interesting price action. It is marked with blue rectangle .
Fact that 200 Ema pushed price higher with ease above 1000$ mark makes me think that the bullish mode for BTC is still in play.
It is just a thought and it shouldn't be treated as a trading advise
