Bitcoin Bottom is in?
Updated
This COULD be the bottom IF:
1) We see bullish volume coming into the market
2) We hold the lower yellow dotted line
3) We make a higher-high as indicated on the chart
If we fall below the dotted line, my first target is the 1.618 FIB Extension
and the RED box area. This area would be our last line of support before
taking a very serious dive down into the 8000's.
1) We see bullish volume coming into the market
2) We hold the lower yellow dotted line
3) We make a higher-high as indicated on the chart
If we fall below the dotted line, my first target is the 1.618 FIB Extension
and the RED box area. This area would be our last line of support before
taking a very serious dive down into the 8000's.
Note
We've tested our line far a higher-high, but have not close above it yet. Patience.- MACD = Bullish & in bullish territory
- RSI going to break the 50 mark into bullish territory
Note
Bullish scenario playing out. Targeting 11K 1st, then expect to see some bullish consolidation before another move up.Seems like the bear flag this was forming has been invalidated. We have seen a bullish retest of it, and it's going well so far =)
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.