Hey guys!
Happy Nowruz!
BTC is moving inside an ascending triangle. We should wait and see which side of the triangle it will break out of.
The global trend is bullish, on 4H time-frame the RSI is heading up, Stochastic is out of the oversold area and it's also heading up, and last but not least, MACD is about to make a bullish cross.
So I'd say the odds of breaking the triangle upwards is greater than the bearish scenario.
I'd wait for the strong resistance at 59.5K to break and look for a long position on the pullback.
Trade safe and happy holidays to my Persian folks!
Ciao!
Happy Nowruz!
BTC is moving inside an ascending triangle. We should wait and see which side of the triangle it will break out of.
The global trend is bullish, on 4H time-frame the RSI is heading up, Stochastic is out of the oversold area and it's also heading up, and last but not least, MACD is about to make a bullish cross.
So I'd say the odds of breaking the triangle upwards is greater than the bearish scenario.
I'd wait for the strong resistance at 59.5K to break and look for a long position on the pullback.
Trade safe and happy holidays to my Persian folks!
Ciao!