BTCUSD - Chart Update: #BTCUSD #BTC #USD #Bitcoin
Friends,
We built this chart on December 15th and provided candle-by-candle targets until recent unwinding in price.
Now, for those familiar with positive divergence, they must have recognized the relevance of the 758 hinge line, and may have started to salivate about 36 hours ago at the formation of a bullish pinbar, which started to define that positive divergence.
At this point, we would be a bit premature to say that price is about to rally, but given the nature of the chart, we will leave at re-affirming our Bullish outlook for this chart.
OVERALL:
Unless 758 fails to act as support, our directional bias remains positively bullish, with recent "Dead-On hits acting as soft resistance levels, and 1020 offering the strongest overhead pushback expectation. Still, our prop data maintains targets as defined in the chart.
For your own protection against all this speculative play, do the due diligence, and trade what you understand.
Cheers,
David Alcindor | 4xQuad.com
Happily volunteering as TradingView.com Moderator
Friends,
We built this chart on December 15th and provided candle-by-candle targets until recent unwinding in price.
Now, for those familiar with positive divergence, they must have recognized the relevance of the 758 hinge line, and may have started to salivate about 36 hours ago at the formation of a bullish pinbar, which started to define that positive divergence.
At this point, we would be a bit premature to say that price is about to rally, but given the nature of the chart, we will leave at re-affirming our Bullish outlook for this chart.
OVERALL:
Unless 758 fails to act as support, our directional bias remains positively bullish, with recent "Dead-On hits acting as soft resistance levels, and 1020 offering the strongest overhead pushback expectation. Still, our prop data maintains targets as defined in the chart.
For your own protection against all this speculative play, do the due diligence, and trade what you understand.
Cheers,
David Alcindor | 4xQuad.com
Happily volunteering as TradingView.com Moderator