View on BTC$ LONGTERM
Updated
Y’all can clearly see a downtrend reversal pattern on the chat on the daily time frame (CUP AND HANDLE) which suggests the bulls might be taking charge of the market in no time. I have a few bias tho. Aside from a few strong resistance zones which might make this difficult, RSI shows divergence to the upside heading for an overbuy zone. This is my view, might be wrong. Feel free to analyze with me, if I’m wrong tell me why you think I am.
Note
On the move. Strong area of interest has been breached and I think a small rally to the upside is imminent.Note
if btc breaks the 17395 mark we will see a sharp retest of 18400, if we succeed, then you already know what's up. but keep in mind that there are still some zones below that might still needs to be cleared. As a day trader I like to keep my mind open to any scenario that might play out.
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