Bitcoin is showing some strength as off now in a 1hr time frame but is facing resistance near 37000-37250 zone.
If we take a look at a bigger time frame 4hr we can spot a symmetrical triangle pattern that indicates breakout to either side.
And this is very important to know that there is a trendline that is acting as a resistance (not mentioned in the chart) at the same resistance level mentioned above this makes it a very important level to break to keep the heat on.
It is suggested not to trade aggressively and wait for the right indication before taking any trading/investment decision.
This was a small update chart and I will try to bring more charts in the future.
Thank you for reading
happy trading.
If we take a look at a bigger time frame 4hr we can spot a symmetrical triangle pattern that indicates breakout to either side.
And this is very important to know that there is a trendline that is acting as a resistance (not mentioned in the chart) at the same resistance level mentioned above this makes it a very important level to break to keep the heat on.
It is suggested not to trade aggressively and wait for the right indication before taking any trading/investment decision.
This was a small update chart and I will try to bring more charts in the future.
Thank you for reading
happy trading.