BTC is now forming a triangle as we can see on this chart, the breakout may happen tommorow. As we can see on the chart we got 2 main targets and a very optimistic target.
BTC reached the 50 % of Fibonnaci a couple days ago (7300 to 10500), we expect a rise to 61.3 % of Fibonnaci, which represents 11300 (first target), or , a rise to 78.6 % of Fibonnaci which represent 12400. Finally we got the 123 % of Fibonnaci (15443) which is a very optimistic target .The next rise will be the 3rd wave out of 5 waves.
We got a BIG Bullish Divergeance on the RSI which make me very optimistic about the situation, post your ideas down below !
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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.