Bitcoin bottomed - ready for a move up
Updated
Bitcoin had a hard sell off followed by going sideways a few weeks. The big volume spike on 22 June looks lead to a bullish harami candle that looks like the bottom of this downtrend. From there on a ascending triangle formed slowly that is now near a break out point.
There is also the possibility of a RSI and MACD divergence but I'm not sure about that because it's very small - but it's definitely eye catching.
Bitcoin looks like to break out soon of this ascending triangle to a new higher high.
There is also the possibility of a RSI and MACD divergence but I'm not sure about that because it's very small - but it's definitely eye catching.
Bitcoin looks like to break out soon of this ascending triangle to a new higher high.
Note
Entry for this trade should be after break out confirmation at ~ 36k.Note
If the current price level of ~ 32.7k doesn't hold, the trade is canceled. Price needs to move into the triangle again not later than tomorrow.
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