Bitcoin does a perfect backtest to the trend line it broke today. Onwards and upwards!
Bitcoin is following the Fibonacci levels to the degree that we can expect a pullback to previous levels as well as the upward move to the the next level.
Tempting fate I know, but look at that weekly 20/50EMA golden cross. 320 is starting to look attractive again.
3 day chart shows USO in ABC correction with second wave heading higher afterwards, which RSI would seem to confirm. Target 20EMA.
The 50EMA looks likely to cross the 200MA in the next couple of days pushing toward 320, possibly 330. Likely targets are the fib levels.
It looks to me that we have completed a second wave and we are starting the 'A' correction which would indicate a pullback to 315 this week. What do you all think?