arongroups

"Bitcoin" is on the verge of an upward trend again

Long
INDEX:BTCUSD   Bitcoin
📌By examining the trend in the four-hour time frame, Bitcoin has broken the resistance of the ceiling of the first upward channel and now, considering the increase in the moving averages of the ALLIGATOR indicator, the probability of the continuation of the upward trend is very high.❌
🎯🎯In general, this scenario is strengthened that Bitcoin can increase to the resistance of the middle level of the second ascending channel in the range of $55214, provided that it maintains and does not record any close candle time of four hours below the support interval in the range of $51,136-50,613.✔️

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.