BTC is moving inside a triangle which will eventually break upwards or downwards. I have reasons to believe the price is going higher. The accumulation has been big enough to cause a rather sharp move.
Here are some signals to support the idea of an uptrend:
- Mirror level is working as a strong support
- Price holds above all major moving averages in 4H, 1D and 1W
- Momentum on 1D and 1W is bullish
Here are some signals to support the idea of an uptrend:
- Mirror level is working as a strong support
- Price holds above all major moving averages in 4H, 1D and 1W
- Momentum on 1D and 1W is bullish
Trade active:
The triangle is broken.
Trade closed: target reached:
As mentioned the price went upwards in a sharp move to 13.8K.