BTC/USD situation right now and expected movement in near future

2021년 3월 16일

Hi every one
Bitcoin / U.S. Dollar

in this analysis we want to see what is going to happen to BTC so let's get into it.

the first chart is showing us that there is an ascending triangle pattern with hidden bullish divergences (+HD) on both MACD and RSI indicator after the upward breakout we can see that the price has decreased so this could be a pullback to the upper line of the triangle and than continue the upward movement.

the second chart is showing us a little bit different thing. the harmonic butterfly pattern has formed in the chart which is a bearish pattern as well! another thing is that there is a regular bullish divergence (-RD) on MACD indicator which can be the reason to strengthen the bearish movement! we expect that the price decrease between the 0.618 to 0.5 line of Fibonacci and than start pumping again from that point!

Thank you for seeing idea .
Have a nice day and Good luck.

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