1. Downtrend channel (Red)
2. Uptrend channel (Blue)
3. These two channels formed a triangle
4. The price is near the top line of the triangle and is trying to break up during May (for the third time, before that it happened = July 2019 and February 2020).
6. On the volume profile, the gap is clearly visible in the zone of 4000-6000.
If Bitcoin can fix above the triangle, this will become a very strong buy signal with a growth potential to the average upward channel (13000-14000). This zone will be the beginning of a new bullish trend and update ATH (peak 19k).
2. Uptrend channel (Blue)
3. These two channels formed a triangle
4. The price is near the top line of the triangle and is trying to break up during May (for the third time, before that it happened = July 2019 and February 2020).
6. On the volume profile, the gap is clearly visible in the zone of 4000-6000.
If Bitcoin can fix above the triangle, this will become a very strong buy signal with a growth potential to the average upward channel (13000-14000). This zone will be the beginning of a new bullish trend and update ATH (peak 19k).
Note
Best regards EXCAVO
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Register on these two exchanges
Send me confirmation and get VIP group for 3+ months
partner.bybit.com/b/excavo
whitebit.com/a/excavo
All info
excavo.carrd.co/
t.me/EXCAVOACADEMY
t.me/excavochannel
Send me confirmation and get VIP group for 3+ months
partner.bybit.com/b/excavo
whitebit.com/a/excavo
All info
excavo.carrd.co/
t.me/EXCAVOACADEMY
t.me/excavochannel
Related publications
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.