BitcoinUpdated BTC - Breakout Up or Down?
Chart showing market is indecisive.
Trendline support is still intact.
Bullish engulfing candlestick pattern yesterday
Stochastic RSI - bullish crossover forming
Volume = Neutral, buying and selling volume same for the last 2 days.
Breakout on upside = Next resistance = $2700 = Possible ATH = $3400
Breakout on downside = Next support 1 = $2300 ,Support 2 = Blue trendline, Support 3 = $1900
Trendline support is still intact.
Bullish engulfing candlestick pattern yesterday
Stochastic RSI - bullish crossover forming
Volume = Neutral, buying and selling volume same for the last 2 days.
Breakout on upside = Next resistance = $2700 = Possible ATH = $3400
Breakout on downside = Next support 1 = $2300 ,Support 2 = Blue trendline, Support 3 = $1900
Note
Volume is still on the lower side though. A good volume breakout would add more confirmation
Note
3 White soldiers forming currently which will be a good bull signal.Will see where todays candlestick ends.
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