BitcoinLong
BTC possible touching 100K set up.
Bullish indications:
Bullish flag break out in weekly frame.
hammer candle from the trend line support.
Resistance broken at 69546
Based on AB=CD Expecting the target to hit 100000.
Higher high and higher lows.
Moving average 20 is respected.
Forming bullish divergence in 2 hr time frame.
Need to wait for the bullish pattern to enter the trade along with moving average confluence.
Bearish indications:
All time high respected and rejected from resistance by making double top formation.
MA is above the candles in 2 he time frame.
Bullish flag break out in weekly frame.
hammer candle from the trend line support.
Resistance broken at 69546
Based on AB=CD Expecting the target to hit 100000.
Higher high and higher lows.
Moving average 20 is respected.
Forming bullish divergence in 2 hr time frame.
Need to wait for the bullish pattern to enter the trade along with moving average confluence.
Bearish indications:
All time high respected and rejected from resistance by making double top formation.
MA is above the candles in 2 he time frame.
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