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BTC short term analysis

• BTC is rising above the Descending Triangle Pattern and is currently attempting to rise above or break the Symmetrical Triangle, which could indicate further short-term upside,
• How can we confirm that the market sentiment is moving into an uptrend?
• first, BTC needs to rise at least above the 17000 area. We can also see here that BTC is having a hard time rising or falling as we all agree that volume is key in any trade, price action or strategy!
• in this type of price movement, when the volume is so small. this suggests that no big fish are involved in this Pump.
• So far we've only seen a small move in BTC and I hope that we'll see a bigger move to the upside.

• We can clearly see here that the Symmetrical Triangle acts as a resistance
• A break of this area or a close above this area could indicate a further upward movement.
• and yes, this is really a good move for BTC, but you don't want to know what happens if it fails

• What I want to see is a large, solid buying volume that could indicate another move to the upside, the same volume that was shown on November 22nd.

• A look at the stochastic indicator shows that the price could reverse every time it touches the 60.00 area of the Stochastic RSI

Disclaimer this isn't financial advice What I do is very risky and nobody should copy me.

Don't have a good day have a great day.

Blog Author: John Daele Bandilla