Welcome to another interesting analysis from your own Cryptobot Ej! Well, sorry for the late updates. So, before we proceed to this analysis, let me ask you something, are you bullish or bearish on BTC?
For me, it's the BULLS. Looking on the different timeframes of BTCUSD, we could clearly see that the blue trendline was already broken and price goes through above it. During this move, I notice my favorite pattern on the 4hr chart of BTCUSD, the ASCENDING TRIANGLE. It is supported by the decreasing volume prior to the rule of forming the pattern. We could also notice the DIVERGENCE forming on the RSI. An INTERESTING THING is also happening on the 1hr timeframe of BTCUSD where a bounce on the ascending triangle could be seen. O_o
Are you still bearish? I think you should consider it. Haha. Just kidding!
We know how BTC always denies the books. -_-
So if you're moved with this TA, don't forget to hit the like button. Remember this is the guy who will be one of the top authors of trading view. Hahaha
For me, it's the BULLS. Looking on the different timeframes of BTCUSD, we could clearly see that the blue trendline was already broken and price goes through above it. During this move, I notice my favorite pattern on the 4hr chart of BTCUSD, the ASCENDING TRIANGLE. It is supported by the decreasing volume prior to the rule of forming the pattern. We could also notice the DIVERGENCE forming on the RSI. An INTERESTING THING is also happening on the 1hr timeframe of BTCUSD where a bounce on the ascending triangle could be seen. O_o
Are you still bearish? I think you should consider it. Haha. Just kidding!
We know how BTC always denies the books. -_-
So if you're moved with this TA, don't forget to hit the like button. Remember this is the guy who will be one of the top authors of trading view. Hahaha