Hello folks,
Here's another update on where is BTC going.
BTCUSDT - Update
As we all know that BIP91 has locked in and almost everyone is signalling segwit.
All those who aren't signalling segwit are likely to be producing orphaned blocks.
For more details , follow here - https://xbt.eu/
TECHINCAL ANALYSIS
https://www.tradingview.com/chart/BTCUSDT/a6diQGNa-BTCUSDT-Can-we-break-ATH/
- BTC price is fluctuating in the triangle currently.
- Trend depending whether the price breaks on the upside or downside of this triangle
- Support at the trend lines and on fib levels.
- 4hr chart shows a bullish divergence .
- We are currently forming the 5th elliot wave which can break all time high but not necessarily.
For short term trades :- Going long on BTC will be fruitful
For long term trades :- Better watch the charts for now and take your position depending upon the triangle breakout.