BTC Bullish Cypher Update

So.. This is just a follow-up to a previous Chart that i plotted on BTC several weeks ago. At the time we were in the midst of our first bottom but now we are doing a secondary bottom on the weekly and have confirmed a Bullish Morning Star Doji with Weekly RSI Divergence. At this rate we should be able to rally back to the 200 week Moving Average at around $23,000 and if we close back above it we can very easily see BTC move up 10s of thousands of dollars Likely to the 61.8% Retrace.

The Original Setup for both BTC and the Total Market Cap can be seen in the related Ideas tab below.
BTCUSDChart PatternsCryptocurrencyCypherHarmonic PatternsTechnical Indicatorsmorningstardojisupportandresistancezones

Also on:

Related publications

Disclaimer