BTC is in a symmetrical triangle, a pattern which usually breaks out upwards. Should this happens the risk/reward ratio for the chart to reach the indicated target is pretty good as you can see, HOWEVER, as very often happens in such cases there's a bearish DIV on RSI so it's not sure it'll go up.
IF by the time the chart reaches the triangle resistance the RSI doesn't cross upwards the line I'd take this as a bearish signal. If you wanna be sure wait until the first dashed yellow line below the triangle, it's the first support. Should it break I would definitely see BTC go bearish with the other lines as supports.
If instead the RSI goes up (also the price but this can happen even after the RSI is up) it means my bullish target is possible. I think BTC must be traded with margin or using a lot of money. If you margin DON'T go over 10 and be sure to use SL.
IF by the time the chart reaches the triangle resistance the RSI doesn't cross upwards the line I'd take this as a bearish signal. If you wanna be sure wait until the first dashed yellow line below the triangle, it's the first support. Should it break I would definitely see BTC go bearish with the other lines as supports.
If instead the RSI goes up (also the price but this can happen even after the RSI is up) it means my bullish target is possible. I think BTC must be traded with margin or using a lot of money. If you margin DON'T go over 10 and be sure to use SL.
Comment:
it's very likely $BTC will try to go reach and go over 50$ in the following hour