BTC - RISK/REWARD 1:11 - BULL SCENARIOBitcoin might be giving us a good entry for upper continuation of this bull market :
1. RSI entering in oversold area
2. STOCHASTIC showing reversal
3. Important FIBONACCI level
The support line that we formed is still not properly tested, but if bulls manage to keep this might become a long-term Support and we might see the 5th leg up.
Will keep this updated!