Hello traders!
Now we can see BTC trying to break downtrend resistance for the 3rd time.
For this breakout we have Bull Flag and need to breakout it to reach its target: 16600$.
Target for Bull Flag is measured by height of flag pole.
Also on chart we can see forming Head and Shoulders pattern, which is reversal pattern. It targets also coincides with Bull Flag Target - 16600$.
Is it safe to buy now for short-term? - No, we should see some retracement in next few hours.
Is it safe to hold it? - Yes, in long-term we in bull market.
What about altcoin market? - Some of them will move in downtrend to important support zones. Some of them will follow bull phase.
Now we can see BTC trying to break downtrend resistance for the 3rd time.
For this breakout we have Bull Flag and need to breakout it to reach its target: 16600$.
Target for Bull Flag is measured by height of flag pole.
Also on chart we can see forming Head and Shoulders pattern, which is reversal pattern. It targets also coincides with Bull Flag Target - 16600$.
Is it safe to buy now for short-term? - No, we should see some retracement in next few hours.
Is it safe to hold it? - Yes, in long-term we in bull market.
What about altcoin market? - Some of them will move in downtrend to important support zones. Some of them will follow bull phase.
Trade active
Price of BTCUSD trying to fix on resistance line, nice𝗔𝗥𝗧𝗘𝗠 𝗖𝗥𝗬𝗣𝗧𝗢 | 𝗦𝗶𝗻𝗰𝗲 𝟮𝟬𝟭𝟴
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𝗔𝗥𝗧𝗘𝗠 𝗖𝗥𝗬𝗣𝗧𝗢 | 𝗦𝗶𝗻𝗰𝗲 𝟮𝟬𝟭𝟴
📲 Join Our Telegram Trading Community: t.me/+5hlxWmhHaKplN2Rk
🎙️ Daily Live Streams on 🔴 𝗬𝗼𝘂𝗧𝘂𝗯𝗲
🔍 Explore More Resources: linktr.ee/artemcrypto ✅
📲 Join Our Telegram Trading Community: t.me/+5hlxWmhHaKplN2Rk
🎙️ Daily Live Streams on 🔴 𝗬𝗼𝘂𝗧𝘂𝗯𝗲
🔍 Explore More Resources: linktr.ee/artemcrypto ✅
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.