I am still unsure if this going to continue on a bullish trend. Signs I see on the 1 day are: the RSI is not over bought, the OBV is not telling, bullish T K cross above Ichimoku cloud, the current price is well above bouncing off the 50% fib fan (or my secondary support), the other fib tool shows a potential bounce off the 50% -not in great range % but headed...
Bitcoin is looking good for a small profit following a reverse double top formation and the breaking of that resistance line along with decent Fib ratios - that could be looking better if the trend continues. Bitcoin RSI is reading as not too overbought; although, slightly overbought.The profit loss is just brought over from the last dip and the potential profit...
The Fib ratios seem to be good; although, I am not sure if it is odd that they would dip past the 50% and bounce back but you guys can let me know in the comments if you do please. The stop loss is simply brought over from the last low and the support on the uptrend looks good so overall I am going to predict a nice profit if the price remains on its course....
