BTCUSD is retesting a trend line that it broke last week.
To catch a bullish continuation from that, I would recommend looking at a falling wedge pattern on 1H chart.
While the price is inside that, it remains in a local downtrend.
However, once its resistance is broken, bullish impulse will most likely follow.
Your task right now is to be patient and wait for a breakout with a candle close above.
Then long can be initiated on retest or aggressively.
Potential goals: 36.000 / 38.000
Good luck!
Note
Perfectly flies to the first goal!Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.