40600 key local level to watch for Bitcoin
very solid price action for 
BTCUSD 
BTCUSDT
locally we saw a breakdown of an ascending triangle that was previously posted here on Tradingview
we hit the measured move of that breakdown and then saw a significant swing back to the upside to test some of the longer term support/resistance levels around the 41K mark
locally though the key level to pay attention to will be 40650. that would be the local supply line of the ascending triangle pattern.
if BTC can hold above this level i believe we could see a significant price reversal and we could see that hidden bullish divergence on the daily start to play out.
obviously a lot of this will depend on how the markets open tomorrow. if the the SPY starts to dump its think its safe to assume it will effect the price action of BTC.
ALSO
since ive been posting more frequently on here just wanted to get some thoughts and feedback about some of the T.A you guys come across on this platform
as you can see my style is a more simplistic one. i prefer a clean looking chart that's not too busy so I can easily see the price action. You can expect most of my charts to look this way.
let me know what you guys think in the comments! and as always Happy Trading!
MINDSET MATTERS
BTCUSD BTCUSDTlocally we saw a breakdown of an ascending triangle that was previously posted here on Tradingview
we hit the measured move of that breakdown and then saw a significant swing back to the upside to test some of the longer term support/resistance levels around the 41K mark
locally though the key level to pay attention to will be 40650. that would be the local supply line of the ascending triangle pattern.
if BTC can hold above this level i believe we could see a significant price reversal and we could see that hidden bullish divergence on the daily start to play out.
obviously a lot of this will depend on how the markets open tomorrow. if the the SPY starts to dump its think its safe to assume it will effect the price action of BTC.
ALSO
since ive been posting more frequently on here just wanted to get some thoughts and feedback about some of the T.A you guys come across on this platform
as you can see my style is a more simplistic one. i prefer a clean looking chart that's not too busy so I can easily see the price action. You can expect most of my charts to look this way.
let me know what you guys think in the comments! and as always Happy Trading!
MINDSET MATTERS
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