Quick #BTC $BTC Bitcoin Update 08 March 2021

Quick #BTC $BTC Bitcoin Update 08 March 2021

Quick Bitcoin Update:

A real quick bitcoin update, As we can see in the screenshot below, The bitcoin has formed a head and shoulder pattern, but as said in the previous post, to confirm the pattern, Bitcoin has to close the candle below the green box and blue line of the triangle. Here we can see the price action where the Bitcoin touched the lower blue line but didn’t close below it and now trading at the triangle’s upper edge line.

Link to Image: https://www.tradingview.com/x/…

Quick #BTC $BTC Bitcoin Update 08 March 2021

Link to Image: https://www.tradingview.com/x/…

Quick #BTC $BTC Bitcoin Update 08 March 2021

As said in the previous post conclusion part, We are 70% clear for the bullish breakout after breakout from the triangle, bitcoin forming a consolidation under resistance. In addition to that, look at the last 4 hours red volume, which is high but still, buyers manage to stay above the line, so we can conclude that Buyer and Sellers are now in an equal state. Looking forward to breaking out from the $52k range for the next upward direction move.

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