Technical analysis by p4917 about Symbol BTC: Buy recommendation (4/10/2022)

Looks like we can open the bullish case.Triangle formation has broken to the upper sideRe-Test of the triangle on the upside on FridayPrice above still above the 50 SMAShort-term MAs are bullish aligned (17 EMA > 30 SMA > 50 SMA)Could be a nice long setup. Valid on the daily and weekly timeframe. If the price drifts further down, I would see this setup invalidated.Unfortunately, the triangle didn't work. I've adjusted the shape now and see what we've got: A rising channel. But this could be considered also as a bearish flag. However from the current position it seems to be more likely that BTC is doing a bounce to the upside. But it's questionable if BTC can leave the channel ...Looks like tomorrow we can see a pump in BTC - or a dump. ;) I'm expecting rather a pump, but could also be wrong ...Yesterday's assumption was wrong - it went south. But I've re-drawn the channel now because it has confirmed some significant points on the chart. The upward channel seems to be nevertheless still valid. Waiting for a bounce to the upside of this channel: