Bitcoin may turn to bullish sentiment!!! Bulls defend it!!!

Тема в разделе "English", создана пользователем Trading Ideas, 27 сен 2020.

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    Bitcoin may turn to bullish sentiment!!! Bulls defend it!!!
    BTC/USD COINBASE:BTCUSD
    harisonhbn9718
    CaZ6a8Ov_mid.png
    In this timeframe, I want to bring you the chart and also, we can to closed up our short position in Bitcoin in the $10,670 USD, that could be a mini-target profit, but nor much, if Bitcoin goes to the $10,670 USD, inmediately we need to take decision to if there will being a bull candlestick of confirmation to buy Bitcoin again.

    As yesterday, I present this bearish rising wedge in H3 timeframe. Right now, we could be a possible bull trap on the zone of $10,670 USD if in case that this scenario doesn't break down, becuase if this zone going to break down we could see a drop until the $10,200 USD again.

    But right now, as we are making a pull back in this rising wedge , the sentiment of the market could be to chances bullish if the price continue increment!!!

    idea-image-placeholder.svg

    Now, lookin in the H4 timeframe, the trend is clearly bullish , and as we see in the early a drop of 1.50% taht incluse Bitcoin was in the $10,650 USD in the early on the New York Time, we could expect that Bitcoin is leading to the $11,000 USD again.

    I will notify here if Bitcoin is goes to the $10,670 USD to then, hope the confirmation bearhs or bullish!!!

    In summary, the most probable that Bitcoin do is to up and cheat the bears!!! Because we could see another chartist formation called ascendent triangle!!!
     
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