Bitcoin is at a major resistance high now at 47 K, we have tested this resistance 3 times already. If we break up its clear skies to 84K. Which would be ludicrous!! Let's goo BTC. Also weekly MACD is about to cross up into the green zone, another positive bull case. On the downside we might go back down to retest the 41k, 36k, and 30k levels. Breakdown from the...
Bitcoin had a moderate correction and has been consolidating but price action seems to be forming a bullish descending broadening wedge, with a price
target of 55K. But first we must break out of the wedge with confirmation. Also recent bullish news from the corporate influx is on the bullish sentiment. If we
break down from the wedge our price target would be...
Potential breakout of BTC post 20 % correction to the down side to the mid 34000. In order for the bullish continuation to occur. Btc must break above the current ATH. Otherwise we might be heading for a short term correction, which would be so bad after how high we have climbed after the Corona Virus Dump. Corrections are health for the market. But if we break...
Have my stop loss set at 10k but liking the inverse head and shoulder on BTC weekly chart. Will adjust take profit if we break above 10.5K. Bought at 9.2K so comfortable with 10K stop loss with no take profit for now.
Can see this potentially breaking up higher since the daily closed on the bullish side. We still have the monthly to close tomorrow so this could still break down depending on what happens with monthly candle tomorrow.
