Crypterium_Analytics

Short-term signal for Bitcoin growth

BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin price has broken through the upper border of the triangle and is now fixing above it. On the 4h timeframe, the Stochastic and RSI indicators show a clear bullish divergence, which is a signal for growth. We continue to wait for a reverse correction in the range of $10,750 - $11,000.

A good point to enter a position will be at the retest of the upper border of the triangle. We would advise to enter purchases in the range of $10,189 - $10,060 with targets near $11,000 (~ 8% - 9%).

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.