Next leg up seems certain here.
-Strong break out of descending channel
-Resting on .618
-Will likely backtest the channel first (BTC loves to backtest triangle/wedge/channel breakouts)
-Approaching the 10 year trendline I wrote about in my previous analysis ~$80,000, 2.618. Very interested to see what happens up there.
-Bulls defended the relatively steep 1Y support
-MACD ready to cross over again
I was a little spooked by the last dip, but strong hands & cool wits prevailed. Defended the 50k level beautifully in the end. I say we are ready for 60-70 now.
-Resting on .618
-Will likely backtest the channel first (BTC loves to backtest triangle/wedge/channel breakouts)
-Approaching the 10 year trendline I wrote about in my previous analysis ~$80,000, 2.618. Very interested to see what happens up there.
-Bulls defended the relatively steep 1Y support
-MACD ready to cross over again
I was a little spooked by the last dip, but strong hands & cool wits prevailed. Defended the 50k level beautifully in the end. I say we are ready for 60-70 now.
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