Main Long Term Trend: Still Uptrend. // Orange Line
Main Short Term Trend: Change to Sideway in = Yellow/White Bar.
If price drop lower Yellow bar, next Support is at 37858.
Let's see that Yellow Support Zone can hold it.
If not and reach to 41200 will change to Sideway, but main trend still Uptrend until it drop below lowest uptrend orange Line.
BTC fall back to previous Support Zone
Nothing to worried if price not under lower Yellow bar.
#Just in case if it really drop lower Yellow Bar Next Support is at 37858
Last order i buy at 44550.
I buy more at 42100 (Long term)
All i bought is in Yellow Circle.
"Spot bitcoin ETFs may bring $50-100 billion of inflows in 2024, says Standard Chartered Bank"
Still in Uptrend.
Same Target Price at 47,700 and 64,000.
Move Support Line Up to 44,564
Still wait to see BTC Spot ETF.
BTC fall and and back to Ascending Triangle zone but still in Uptrend Chanel.
Yellow Support/Resistance still strong.
Still have Target price at 47700 (and 44544 for short term)
but Support change to / lower Yellow Box
From previous post
Since BTC can break Ascending Triangle up so plan will change:
Uptrend in Green/Red Chanel still same until it break.
44,450 is now Main Support price.
44,7000 is next Resistance(white bar).
If it breakthrough it, we will looking next main resistance at 63,777(purple bar)
You can ask or discuss in comments, Thanks :)
BTCUSDT Pattern : Ascending Triangle
From last Idea BTC still in Uptrend for next Halving.
Now BTC form a Ascending Triangle
Resistance: 44544
Support : Low Red Line
If Break Out Up will continue Uptrend Green//Red Chanel.
If Break Out Down will go to test support at 40000 and 37858.
My Opinion : will "Break Out Up" Buy near Support or Confirm Breakout
Still in Up trend but move Support Line higher for trailing stop
from this idea you can Close Long position when price below new Horizontal Support or Old Green Support Line
