Happy Sunday All,
On a few different time frames we can see that a bullish ascending channel has been forming for BTC-- I suspect that if this weekend closes strong, we can see a retest of $64,000 USD for BTC sometime early next week! $66-68k is the real test, I've marked the top line of the now-6-month consolidation period with the 'bulls on parade' note. If we can get above *and sustain momentum above* that line, you are going to need to buckle in!
The unemployment numbers came in shockingly low, as the US Jobs expectation was 108k higher than projected. This just might be enough wind in the sails to carry all markets higher. Higher Lows have been formed and currently the RSI levels are healthy, I'm getting bullish folks!
What do you think? Bull trap? $250k next? Drop a comment
On a few different time frames we can see that a bullish ascending channel has been forming for BTC-- I suspect that if this weekend closes strong, we can see a retest of $64,000 USD for BTC sometime early next week! $66-68k is the real test, I've marked the top line of the now-6-month consolidation period with the 'bulls on parade' note. If we can get above *and sustain momentum above* that line, you are going to need to buckle in!
The unemployment numbers came in shockingly low, as the US Jobs expectation was 108k higher than projected. This just might be enough wind in the sails to carry all markets higher. Higher Lows have been formed and currently the RSI levels are healthy, I'm getting bullish folks!
What do you think? Bull trap? $250k next? Drop a comment
Trade closed: target reached
That went wellNote
Aging like wine so far
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Disclaimer
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.