Oversold daily RSI with potential triple hidden bullish divergence forming. If the flag continues to hold we could see the price touch top of the range around 70k again, otherwise SL below previous low of 56k. Breaking to the upside could lead to measured move to 105k range but for all we know this could just be a distribution pattern that breaks down to downside and leads to correction - wouldn't be the first time MtGox news ends bitcoin bull market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.